United Group Completes €1.5bn Bond Refinancing

United Group completes €1.5 billion bond refinancing

United Group has completed a €1.5 billion bond refinancing, extending maturities and lowering its cost of debt. The telecoms and media group said strong investor demand enabled it to scale up a new floating rate notes (FRNs) transaction to €1.13 billion, while also refinancing its outstanding PIYC PIK notes. United Group said the deal reduced the cost of its FRNs by 100 basis points and its PIYC PIK notes by 112.5 basis points. The group expects…

United Group B.V. targets growth with €1.5bn refinancing - Total Telecom

News The move will allow the company to save roughly €15 million in annual interest repayments United Group B.V., the Netherlands-based telecommunications and media operator, has completed a €1.5 billion bond refinancing package, a move it says reflects its strong potential for long-term growth. The refinancing saw the company issue €1.13 billion of new floating rate notes (FRNs) and €355 million of new PIYC PIK (Pay-if-you-Can, Pay-in-Kind) Not…

United Group completes €1.5bn bond refinancing

United Group, a telco and media company in Southeastern Europe, has successfully completed €1.5 billion in bond refinancing transactions, which it says significantly strengthens its capital structure and financial flexibility. Strong investor demand allowed the Group to upscale the new floating rate notes (FRNs) transaction to €1.13 billion, and also refinance its outstanding PIYC PIK […]