Liberty Global Ltd. (LBTYA): debt financing — Liberty Global subsidiary enters EUR 1B term loan to fund Telenet takeover bid

Liberty Global Ltd.

LGBH (indirect Liberty Global sub) entered a EUR 1B (~$1.1B) term loan facility (Facility B).
Interest rate: EURIBOR + 4.00% (yr1), 4.50% (yr2), 5.25% (yr3), with 0% floor.
Proceeds to finance Liberty Global's voluntary public takeover bid for all Telenet shares not already owned.
Maturity: 3 years after first drawdown or 9 months after facility date, whichever is earlier.
Lenders include Bank of Nova Scotia, BNP Paribas, NatWest, and others.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Liberty Global Ltd. incurred term loan of EUR 1 billion (approximately $1.1 billion) with The Bank of Nova Scotia, BNP Paribas S.A., BNP Paribas Fortis S.A./N.V., National Westminster Bank plc, NatWest Markets Plc at EURIBOR plus (i) 4.00% per annum for the first year, (ii) 4.50% per annum for th maturing the date falling on the third anniversary of the earlier of (i) the first drawdown under Facility B and (ii) the date falling nine months after the date of the.

Instrument: term loan
Principal: EUR 1 billion (approximately $1.1 billion)
Counterparty: The Bank of Nova Scotia, BNP Paribas S.A., BNP Paribas Fortis S.A./N.V., National Westminster Bank plc, NatWest Markets Plc
Rate: EURIBOR plus (i) 4.00% per annum for the first year, (ii) 4.50% per annum for th
Maturity: the date falling on the third anniversary of the earlier of (i) the first drawdown under Facility B and (ii) the date falling nine months after the date of the
Event: incurrence

Exact text from the filing

the Initial Original Lenders have agreed to provide a EUR 1 billion (approximately $1.1 billion at the April 11, 2023 exchange rate) term loan facility

View on SEC.gov

Browse all debt financings →

Liberty Global Ltd. filing history →

Source: SEC EDGAR

accession 0001570585-23-000111

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.