5. Februar 2010

Kabel Deutschland beendet den Amend- und Extend-Prozess erfolgreich

Beachten Sie: Die vollständige Fassung dieser Mitteilung ist nur in englischer Sprache verfügbar

  • Strong approval by lenders to the requested amendments giving the Company more flexibility
  • Significant take-up by lenders of the opportunity to extend maturity, leading to approximately €1.45 billion of the Term Loan A and Term Loan C being extended to 2014

Kabel Deutschland (“KDG”) has formally ended its amend and extend process with strong support from lenders. KDG requested the amendment of certain terms of its existing senior secured credit facilities to increase KDG’s flexibility for potential acquisitions and to reduce restrictions on new borrowings for the refinancing of existing senior secured debt. KDG also asked lenders to extend existing term debt maturities to March 2014.

At closing, 97.4% of lenders had consented to the amendments, with lenders representing a total of approximately €1.45 billion requesting to roll their exposure.  KDG will therefore roll €949.2 million of Term Loan A and €496.5 million of Term Loan C to a maturity of March 31, 2014.

Über Kabel Deutschland
Als größter deutscher Kabelnetzbetreiber bietet Kabel Deutschland (KD) ihren Kunden digitales und hochauflösendes (HDTV) sowie analoges Fernsehen, Bezahlfernsehangebote, Breitband-Internet (bis zu 100 Mbit/s) und Telefonie über das TV-Kabel sowie über einen Partner Mobilfunk-Dienste an. Das im MDax notierte Unternehmen betreibt die Kabelnetze in 13 Bundesländern in Deutschland und versorgt rund 8,9 Millionen angeschlossene Haushalte. KD bietet eine für alle Programmanbieter offene Plattform für digitales Fernsehen. Zum Ende des Geschäftsjahres 2009/2010 beschäftigte Kabel Deutschland rund 2.600 Mitarbeiter. Das Unternehmen erzielte im Geschäftsjahr 2009/2010 einen Umsatz von rund 1.502 Mio. Euro, das bereinigte EBITDA lag bei 659 Mio. Euro (Stand 31. März 2010).

Kontakt:

Investor Relations
Betastr. 6-8
85774 Unterfoehring
Germany

+49 89 / 960 10 -184
insa.calsow(at)kabeldeutschland.de

+49 89 / 960 10 -187
elmar.baur(at)kabeldeutschland.de

+49 89 / 960 10 -186
astrid adamietz(at)kabeldeutschland.de

This Investor Relations release may contain forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Although we believe that such forward-looking statements are reasonable, we cannot assure you that any forward-looking statements will prove to be correct. Such forward-looking statements are subject to a number of known and unknown risks, uncertainties and assumptions, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks and uncertainties, the forward! -looking events and circumstances discussed in this Investor Relations release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on the forward-looking statements.

This Investor Relations release may contain references to certain non-GAAP financial measures, such as Adjusted EBITDA and CapEx, and operating measures, such as RGUs, ARPU, Unique subscribers pro forma calculation. These supplemental financial and operating measures should not be viewed in isolation as alternatives to measures of Kabel Deutschland’s financial condition, results of operations or cash flows as presented in accordance with IFRS in its Consolidated Financial Statements. The non-GAAP financial and operating measures used by Kabel Deutschland may differ from, and not be comparable to, similarly titled measures used by other companies. For further information please see in particular the Footnotes in this Investor Relations release and the financial statements.

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