Interoute enters into a new Senior Secured Term Loan Facility
London, United Kingdom, 14 November 2016, 1:00 P.M. – Interoute Communications Holdings Limited (“Interoute”) announces that its subsidiary, Interoute Finco plc (“Interoute Finco”), has entered into a new senior secured term loan facility, which is scheduled to mature seven years after the closing date, in an aggregate principal amount of €275,000,000 (the “Term Loan”). The Term Loan shall accrue interest at EURIBOR (as defined in the Term Loan agreement) (with a 0% floor) plus an applicable margin of 3.75% per annum.
Interoute intends to use the amounts borrowed under the Term Loan to fund the repayment in full of Interoute Finco’s existing €240.0 million senior secured floating rate notes due 2020 on 15 November 2016 (pursuant to the redemption notice delivered to holders on 4 November 2016) (including any accrued interest and redemption premium), to pay transaction fees and expenses and for general corporate purposes.
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).
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