The financial restructuring involved:

  • the set-up of a new Luxembourg based holding and collateral structure for the future business operations of the group;
  • the amendment and extension at par of the Company’s EUR 1.1 billion of senior debt through a UK scheme of arrangement; and  
  • a EUR 300 million capital contribution from the majority indirect shareholder of Tele Columbus AG.

For more information, don’t hesitate to reach out to one of the following advisers on the transaction.