February 5, 2010

Kabel Deutschland successfully closes its amend and extend process extending approximately €1.45 billion of debt maturities to March 2014

  • 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.

About Kabel Deutschland
Kabel Deutschland (KDG), Germany’s largest cable operator, offers its customers analog and digital TV, broadband Internet and fixed line phone services via cable as well mobile services in cooperation with an industry partner. The company operates the cable networks in 13 German federal states and supplies its services to approximately 8.9 million connected households in Germany. KDG offers an open digital TV platform for all program providers.

Contact:

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 contains forward looking statements within the meaning of the U.S. federal securities laws regarding, among other things, the completion of the Exchange Offer. You can identify these statements by the fact that they use words such as “anticipate”, “estimate”, “project”, “intend”, “plan”, “believe” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or events. Factors that could affect whether the Exchange Offer is completed include, among other things, the risk that the conditions to the Exchange Offer are not satisfied. A further list and description of risks, uncertainties and other matters can be found in the prospectus for the Exchange Offer. We assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Investors and security holders are urged to read our quarterly report available on our website because it will contain important information. We disclaim any obligation to publicly update or revise any forward-looking information.

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