Cable Communications Systems: Optional Redemption of Notes and Satisfaction of the Financing Condition
CABLE COMMUNICATIONS SYSTEMS N.V. (the “Issuer ”)
EUR 450,000,000 7.50% Senior Secured Notes due 2020 (the “Notes ”)
ISIN: XS0954673777 (Regulation S) and XS0954673694 (Rule 144A)
Common Code: 095467377 (Regulation S) and 095467369 (Rule 144A)
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 and http://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
Issued by: Cable Communications Systems N.V.
Dated: 27 October 2016
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