DKT gets tenders for €270,000 of 7% notes, $200,000 of 9 3/8% notes

By Susanna Moon

Chicago, Dec. 12 – DKT Finance ApS said holders had tendered €270,000 of its euro-denominated 7% senior notes due 2023 and $200,000 of its dollar-denominated 9 3/8% notes due 2023 in the one-month asset disposition offer.

As announced Nov. 12, the company was tendering for up to €271 million equivalent of the notes at par plus accrued interest until 11:59 p.m. ET on Dec. 11.

The issuer will settle the offer on Dec. 18, according to the company update on Wednesday.

The company previously said the offer was being made in connection with the completed divestment of Get A/S by TDC A/S. TDC used proceeds from the sale to prepay its term loan B facility by about €1.85 billion equivalent and plans to make a further prepayment of €150 million. The remaining proceeds represent the maximum amount available for the tender offer.

Global Loan Agency Services Ltd. is the information agent (+44 20 3866 1475 or DKT@glas.agency).

DKT is the indirect parent company of TDC, a Copenhagen-based provider of communications and entertainment solutions in Denmark.

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