Ziggo Secured Finance To Offer EUR 2.575 Bln Of Senior Secured Notes Due 2027

(RTTNews) - Ziggo Secured Finance B.V. announced that it has planned to offer EUR 2.575 billion of senior secured notes due 2027. Ziggo Bond Finance B.V. announced its intention to offer $625 million of senior notes due 2027. The final principal amount, coupon and other terms of the notes will be determined at the time of pricing of the offering.

Ziggo said that the portion of offering proceeds of the notes will be on-lent on the issue date to subsidiaries of Ziggo Group Holding B.V. for purposes of refinancing indebtedness of Ziggo Group Holding B.V. and its subsidiaries.

The remainder of the proceeds will be held in escrow pending consummation of the previously announced 50-50 joint venture between Liberty Global Europe Holding B.V. and Vodafone Group plc.