KDG set to exceed €500m A&E target

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KDG set to exceed €500m A&E target

Issue: 1240 - 3 February 2012

Keywords: Kabel Deutschland, KDG, amend and extend, Goldman Sachs, leveraged loans

German cable firm Kabel Deutschland (KDG) has sent out a notice of prepayment to lenders after easily exceeding its original target of extending €500m of term loans ‘A1’, ‘A2’ and ‘C1’. The company is understood to be ready to accept extensions from all those lenders who consented, which market participants said represented more than €700m. ..

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