Cedar schreef op 22 januari 2020 21:47:
Pag 28 ( uit 235????):
Ik weet niet of deze herfinanciering dezelfde is als eind vorig jaar al gemeld, het zijn 235 paginas of zo en ik ben gestopt bij pagina 28 waar onderstaande te vinden is>>
The proceeds from the Proposed Financing, together with cash on balance sheet are expected to be used by the Group to (i) make cash available to Altice Lux through a dividend, distribution and/or one or more upstream loans, the proceeds of which will be used to redeem $1,480 million (€1,357 million equivalent) in aggregate principal amount of outstanding dollar-denominated Existing 2025 Altice Lux Dollar Notes at a redemption price equal to 103.813% of such principal amount, and €750 million in aggregate principal amount of outstanding euro- denominated Existing 2025 Altice Lux Euro Notes at a redemption price equal to 103.125% of such principal amount, in each case, together with any accrued and unpaid interest to, but not including, the redemption date, in accordance with the indenture governing the Existing 2025 Altice Lux Notes (the “Existing 2025 Altice Lux Notes Redemption”), (ii) to refinance €500 million of indebtedness outstanding under the Existing Revolving Credit Facility (the “RCF Refinancing”) and (iii) to pay fees and expenses in connection with the Proposed Financing and such other transactions (such transactions, collectively, the “Refinancing”. See.
The Proposed Exchange Offer
Substantially concurrently with the Proposed Financing or shortly thereafter, Ypso Finance expects to offer (1) up to $1,600 million of its dollar denominated 101/2% senior notes due 2027 (the “Proposed Dollar Exchange Senior Notes”) to holders of the Existing 2027 Altice Lux Dollar Notes and (2) up to €1,400 million of its euro denominated senior notes due 2027 (the “Proposed Euro Exchange Senior Notes”) to holders of the Existing