Interoute announces €640,000,000 Senior Secured Term Loan B
London, United Kingdom, 18 September 2017, 8:00 A.M. – Interoute Communications Holdings Limited (“Interoute”) announces that its subsidiary, Interoute Finco plc (“Interoute Finco”), intends to establish a new €640,000,000 term loan facility (the “Term Loan Facility”).
Interoute intends to use proceeds of the Term Loan Facility to refinance its existing €275.0 million term loan facility entered into in November 2016, to fund the redemption in full of Interoute Finco’s existing €350.0 million senior secured notes due 2020 on or after 15 October 2017, to pay transaction related fees and expenses, and for general corporate purposes. A presentation relating to the financing will be posted to Interoute’s website at http://www.interoute.com/about-us/investor-relations/quarterly-results.
There can be no assurances that Interoute will be successful in its marketing efforts or that it will be able to establish the Term Loan Facility. Drawdown of the Term Loan Facility, which is anticipated to occur in the fourth quarter of 2017, is subject to market conditions, as well as the negotiation and execution of definitive documents and the satisfaction of customary closing conditions.
EVP Corporate Development and Investor Relations
Important Regulatory Notice
This press release constitutes a public disclosure of inside information by Interoute Finco plc under Regulation (EU) 596/2014 (16 April 2014). This notification was made by Ian Wade, EVP Corporate Development and Investor Relations of Interoute at 8:00 A.M. (London) on 18 September 2017.
This communication is being distributed only to, and is directed at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”) (ii) are persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Promotion Order, (iii) are outside the United Kingdom or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000 in connection with the issue and sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This announcement is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.
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Forward-looking statements reflect the current views of Interoute’s management (“Management”) on future events, which are based on the assumptions of the Management and involve known and unknown risks, uncertainties and other factors that may cause Interoute’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. The occurrence or non-occurrence of an assumption could cause Interoute’s actual financial condition and results of operations to differ materially from, or fail to meet expectations expressed or implied by, such forward-looking statements.
Interoute’s business is subject to a number of risks and uncertainties that could also cause a forward-looking statement, estimate or prediction to differ materially from those expressed or implied by the forward-looking statements contained in this communication. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. Interoute does not undertake any obligation to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this communication.