17:47 uur 31-10-2016

Cable Communications Systems: Optionele inlossing van obligaties en voldoening financieringsvoorwaarde

AMSTERDAM–(BUSINESS WIRE)–  RE: Optionele inlossing van obligaties en voldoening financieringsvoorwaarde

De Financieringsvoorwaarde, zoals gedefinieerd in paragraaf 7 van de the Amended Notice of Conditional Redemption (te raadplegen op http://www.ise.ie/app/announcementDetails.aspx?ID=12997109 and http://www.rns-pdf.londonstockexchange.com/rns/2565M_-2016-10-11.pdf), is op 26 oktober 2016 vervuld met de uitgifte  van preferente, gedekte obligaties met coupon van 5 procent ter waarde van 350 miljoen euro en vervaldatum 2023 en de onttrekking door het bedrijf (een dochteronderneming van de uitgever) van 600 miljoen Roemeense leu (132,7 miljoen euro, op basis van de wisselkoers van 30 juni 2016) in het kader van een preferente faciliteit die op 7 oktober is afgesloten tussen de uitgever, die borg staat, en het bedrijf, dat leent, en onder andere BRD-Groupe Société Générale S.A., Citibank, N.A., London Branch, ING Bank N.V. en UniCredit Bank S.A. die als gevolmachtigde ‘lead arrangers’ en de Britse tak van Citibank Europe plc. als facilitair agent.

 

 

Cable Communications Systems: Optional Redemption of Notes and Satisfaction of the Financing Condition

 

AMSTERDAM–(BUSINESS WIRE)– RE: Optional Redemption of Notes and satisfaction of the Financing Condition

Reference is made to Amended Notice of Conditional Redemption dated 11 October 2016

The Financing Condition, as defined in paragraph 7 of the Amended Notice of Conditional Redemption (available at http://www.ise.ie/app/announcementDetails.aspx?ID=12997109 andhttp://www.rns-pdf.londonstockexchange.com/rns/2565M_-2016-10-11.pdf) has been met by the issuance on 26 October 2016 of EUR 350 million 5.0% new Senior Secured Notes due 2023 and the drawdown by the Company (the Issuer’s subsidiary) of RON600.0 million (EUR132.7 million equivalent as at 30 June 2016) under a senior facilities agreement dated 7 October 2016, concluded between the Issuer, as original guarantor and the Company, as borrower, and, among others, BRD-Groupe Société Générale S.A., Citibank, N.A., London Branch, ING Bank N.V. and UniCredit Bank S.A., as mandated lead arrangers and Citibank Europe plc., UK Branch, as facility agent.

The Issuer hereby confirms the satisfaction of the Financing Condition. The Notes will be redeemed on 9 November 2016, in accordance with paragraph 3(d) of the Notes and Section 3.07(d) of the Indenture.

Terms used but not defined herein have the meanings ascribed to them in the Indenture. Any questions regarding this communication should be directed to the Issuer at:

Cable Communications Systems N.V.

(1043 BW) Amsterdam

Naritaweg 165, Telestone 8

The Netherlands

Issued by: Cable Communications Systems N.V.

Dated: 27 October 2016

Contacts

For Cable Communications Systems
Serghei Bulgac
Phone no: +4031 400 4444
serghei.bulgac@rcs-rds.ro
investor.relations@rcs-rds.ro
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