Liberty Global Belgium arranges for €1 billion loan for Telenet buy

Chicago, April 14 – Liberty Global plc subsidiary Liberty Global Belgium Holding BV entered into a term loan facility agreement on April 11 for €1 billion, according to an 8-K filing with the Securities and Exchange Commission.

The final maturity date will either be nine months from April 11 or the third anniversary of the first drawdown on the facility.

Interest will be Euribor plus 400 basis points for the first year with a 50 bps step-up in the second year and another 75 bps step-up in year three. There is a 0% Euribor floor.

Bank of Nova Scotia is the facility agent and security agent.

BNP Paribas SA, BNP Paribas Fortis SA/NV, National Westminster Bank plc, NatWest Markets plc and Bank of Nova Scotia are the original lenders. BNP Paribas Fortis SA/NV is the presenting bank.

Proceeds may be used to finance the acquisition of shares of Telenet Group Holding NV (that Liberty Global does not already own) under either a voluntary takeover bid or a squeeze-out procedure.

Liberty Global is a telecommunications company based in London.

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