Telenet Group Holding is investigating a further extension of the maturity of its existing senior credit facility, the company has announced in a press release.
Following the voluntary debt exchange and extension process and the issuance of additional debt under the senior credit facility in 2010 and early 2011, Telenet plans to focus on a transaction involving repayment/repricing and extension of its existing Term Loans G and J under the senior credit facility.
The main focus will be on a further extension of the average maturity profile of Telenet’s existing debt resulting in a further improvement of the stability of Telenet’s debt capitalisation by providing additional cash flow flexibility at very attractive market conditions.
As of March 31, 2011, Telenet carried a Net Total Debt ratio of 2.8x EBITDA. Telenet’s debt is rated Ba3 (Moody’s) and BB+ (Fitch).
