Ziggo : Successful pricing of €750mn Senior Secured Notes

          Ziggo : Successful pricing of €750mn Senior Secured Notes

21-March-2013

Successful pricing of €750mn Senior Secured Notes

Ziggo ('Ziggo' or the 'Company'), the largest cable operator in the
Netherlands, today announced the successful pricing of its €750 million senior
secured notes due 2020 (the 'Notes'). The Notes will be issued by Ziggo B.V..
They will have a coupon of 3.625% per annum and will be issued at a price
equal to 99.8% of their face value to yield 3.658% per annum. As a result, the
Term
Loan A under our new Credit Facility will be reduced from €400mn to €150mn and
the Revolving Credit Facility will consist of the earlier announced €400mn.

The net proceeds, in combination with the proceeds of the new credit facility,
will be used to repay outstanding amounts under the Company's existing Senior
Credit Facility. This refinancing will lead to reduced financing costs for the
Company as well as an extension of the debt maturity.

Important Regulatory Notice
United States
This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States. The
Notes mentioned herein have not been, and will not be, registered under the
United States Securities Act of 1933 (the 'Securities Act'). The Notes may not
be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of the Securities Act. There will
be no public offer of the Notes in the United States.

European Economic Area
This announcement has been prepared on the basis that the offering of the
Notes in any Member State of the European Economic Area which has implemented
the Prospectus Directive (each, a "Relevant Member State") will be made
pursuant to an exemption under the Prospectus Directive from the requirement
to publish a prospectus for offers of Notes. The expression "Prospectus
Directive" means Directive 2003/71/EC (and amendments thereto, including the
2010 PD Amending Directive, to the extent implemented in the Relevant Member
State), and includes any relevant implementing measure in the Relevant Member
State and the expression "2010 PD Amending Directive" means Directive
2010/73/EU.

Netherlands
This announcement does not constitute or form part of an offer or solicitation
of an offer to purchase or subscribe for securities in the Netherlands.  The
securities referred hereto have not been and shall not be offered, sold,
transferred or delivered to the public in the Netherlands unless in reliance
on Article 3(2) of the Prospectus Directive and provided: (i) such offer is
made exclusively to legal entities which are qualified investors (as defined
in the Prospectus Directive and which includes authorized discretionary asset
managers acting for the account of retail investors under a discretionary
investment management contract) in the Netherlands; or (ii) standard logo and
exemption wording is disclosed, as required by article 5:20(5) of the Dutch
Financial Supervision Act (Wet op het financieel toezicht) (the "FSA"); or
(iii) such offer is otherwise made in circumstances in which article 5:20(5)
of the FSA is not applicable. 

 

United Kingdom
This announcement is being  distributed only to, and  is directed only at  (a) 
persons who are outside the United Kingdom, (b) persons who have  professional 
experience in matters relating to investments who fall within Article 19(1) of
the Financial Services and Markets  Act 2000 (Financial Promotion) Order  2005 
(the "Order") or (c) high net worth entities, and other persons to whom it may
otherwise lawfully be communicated, falling within Article 49(1) of the  Order 
(all such  persons together  being  referred to  as 'relevant  persons').  The 
investments to which this announcement relates are available only to, and  any 
invitation, offer or  agreement to  subscribe, purchase  or otherwise  acquire 
such investments will be available  only to or will  be engaged in only  with, 
relevant persons. Any person who  is not a relevant  person should not act  or 
rely on  this document  or  any of  its  contents. Persons  distributing  this 
announcement must satisfy themselves that it is lawful to do so.
Neither  the  content  of  Ziggo's  website  nor  any  website  accessible  by 
hyperlinks on  Ziggo's website  is incorporated  in, or  forms part  of,  this 
announcement. The distribution of  this announcement into jurisdictions  other 
than the Netherlands or the United  Kingdom may be restricted by law.  Persons 
into whose possession this announcement  comes should inform themselves  about 
and  observe  any  such  restrictions.  Any  failure  to  comply  with   these 
restrictions may constitute  a violation of  the securities laws  of any  such 
jurisdiction.

Note Regarding Forward-Looking Statements
This announcement contains forward-looking statements and information that are
necessarily subject to risks, uncertainties, and assumptions.  No assurance
can be given that the transactions described herein will be consummated or as
to the terms of any such transactions.  Ziggo B.V. assumes no obligation to
update or correct the information contained in this announcement.

About Ziggo
Ziggo is a Dutch provider of entertainment, information and communication
through television, internet and telephony services. The company serves around
2.8 million households, with almost 1.8 million internet subscribers, more
than 2.2 million subscribers using digital television and 1.5 million
telephony subscribers. Business-to-business customers use services such as
data communication, telephony, television and internet. The company owns a
next-generation network capable of providing the
bandwidth required for all future services currently foreseen. More
information on Ziggo can be found on: www.ziggo.com
Not for publication                   Analysts and Investors
                                      Wouter van de Putte
For more information please contact:  Director Corporate Treasury  &  Investor
                                      Relations
Press                                 +31 88 717 1799 |
Martijn Jonker                        investorrelations@office.ziggo.nl
Director Corporate Communications
a.i.                                  Christian Berghout
+31 88 717 2419 |                     Manager Corporate Finance & Investor
Martijn.Jonker@office.ziggo.nl        Relations
                                      +31 (0)88 717 1051

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Source: Ziggo via Thomson Reuters ONE
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