Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kabel Deutschland GmbH > News item |
Kabel Deutschland calls $465 million 10 5/8% senior notes due 2014
By Melissa Kory
Cleveland, Dec. 3 - Kabel Deutschland Holding AG announced that it will redeem $465 million of its $610 million of 10 5/8% senior notes due 2014.
The notes will be redeemed on Dec. 17 at 103.542.
The redemption will be fulfilled using existing liquidity and will result in pro forma annual interest savings of about €30 million per annum for the company.
Kabel Deutschland is a Bonn, Germany-based cable TV and internet services provider.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.