Kabel Deutschland verlängert € 782 Mio. seiner 2014 fälligen Darlehen bis 2017 und kündigt Rückzahlung der kurzfristigeren Fälligkeiten an

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Kabel Deutschland Holding AG (‘Kabel Deutschland’) announced today that its subsidiary Kabel Deutschland Vertrieb und Service GmbH (‘KDVS’) has successfully extended €782 million of its TLA1, TLA2 and TLC1 maturities from March 2014 to March 2017.

KDVS has also issued a prepayment notice for €557 million of the existing 2012-2014 maturities utilising the proceeds of the recent FX hedged US$750 million Term Loan F. As a result of these actions, Kabel Deutschland has reduced its 2014 maturities to €71 million in the TLC1 facility. The vast majority of the debt maturity profile has been extended to 2016 and beyond with an overall average life of just under 6 years.

'The US$ loan financing and € loan extension provides Kabel Deutschland with a long dated capital structure and continues the successful series of actions we have taken to extend our maturity profile and diversify our sources of funding” commented Dr. Andreas Siemen, Kabel Deutschland CFO.