Stibbe advises Ziggo on the establishment of a new credit facility of EUR 800 million.
The new credit facility is being provided by nine banks and the term of the facility is 5 years. The new facility consists of a revolving credit facility of EUR 400 million and a Term Loan A of EUR 400 million. Part of the new loan will be used to repay the existing senior secured credit facility. Ziggo has mandated Goldman Sachs and JP Morgan to set up a series of investor meetings in view of a potential additional refinancing, which may include a capital markets transaction.
