Tag Archives: redemption

Digi Romania Completes Full Redemption of 2025 Bonds

BUCHAREST, Romania, 30-Sep-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), a major European telecommunications company listed on the Bucharest Stock Exchange, has successfully completed the full redemption of its €450 million Senior Secured Notes. The redemption was finalized on 27 September 2024, following an earlier announcement made on 16 September 2024, which outlined the company’s intention and fulfillment of the necessary financial conditions. The notes, carrying a 2.5% interest rate and originally set to mature in 2025, were fully redeemed by Digi Romania S.A., the company’s Romanian subsidiary.

About Digi Communications N.V.

Digi Communications N.V. is a leading European telecommunications provider, with a significant presence in Romania and Spain, and operations in Italy, Portugal, and Belgium. The company is a top player in delivering telecommunication services, offering innovative solutions across its targeted geographic markets.

SOURCE: EuropaWire

Digi Romania Exercises Early Redemption of 2025 Bonds

BUCHAREST, Romania, 16-Sep-2024 — /EuropaWire/ — Digi Communications N.V., a prominent European telecommunications provider, has announced that its Romanian subsidiary, Digi Romania S.A., will redeem the entirety of its outstanding €450 million 2.50% Senior Secured Notes, set to mature in 2025. The full redemption, scheduled for September 27, 2024, will involve paying noteholders the principal amount along with accrued interest up to the redemption date. This move marks an important financial milestone for Digi Communications as it continues to strengthen its financial position.

The company has outlined that noteholders must be recorded by September 26, 2024, to be eligible for the redemption payout. Citibank N.A., London Branch, will act as the Paying Agent to facilitate the process, with interest on the Notes ceasing to accrue after the redemption date unless the issuer defaults on the payment. Digi Communications has already fulfilled the financing conditions required for this redemption, ensuring a smooth process for all stakeholders.

Digi Communications, a major player in the telecom industry, offers services primarily in Romania and Spain, with expanding operations across Italy, Portugal, and Belgium. This latest financial development underscores the company’s robust growth and operational stability in the European telecom sector.

SOURCE: EuropaWire

RCS&RDS successfully closed its €850.0 million senior secured notes offering due 2025 & 2028

BUCHAREST, Romania, 5-Feb-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. hereby reports successful closing of the offering of senior secured notes by RCS & RDS S.A., its Romanian subsidiary (“RCS&RDS”).

1. CLOSING OF THE OFFERING
The Company (Digi Communications N.V.) would like to inform the market and its investors that on 5 February 2020, RCS&RDS has successfully closed the offering (the “Offering”) of its (i) €450.0 million 2.50% senior secured notes due 2025 and (ii) €400.0 million 3.25% senior secured notes due 2028 (collectively, the “Notes”).

The Notes are expected to be listed on the Official List of the Irish Stock Exchange (trading as Euronext Dublin) and trading on its regulated market. The final offering memorandum dated 29 January 2020, together with the supplement dated 4 February 2020 will be made available on the Company’s website on or about today. A prospectus relating to the Notes will be made available on the website of the Company following its approval by the Central Bank of Ireland.

For further information in relation to the Offering and the Notes, please refer to the reports dated 27 January 2020 and 29 January 2020, each available at http://bvb.ro/FinancialInstruments/SelectedData/NewsItem/DIGI-Oferta-obligatiuni-RCS-RDS-in-val-de-800mil-EURO-si-ajustare-sit-fin-Q3-2019/8A562 and http://bvb.ro/FinancialInstruments/SelectedData/NewsItem/DIGI-Digi-anunta-suplimentarea-si-incheierea-ofertei-de-obligatiuni-de-catre-RCS-RDS/B3A8D.

2. CHANGE OF AGENT
The Company would like to inform the market and its investors that all Deutsche Bank entities that originally were expected to act in various agent capacities for the Offering were replaced with Citi Bank entities as follows:

  • Citibank, N.A., London Branch will act as the Principal Paying Agent and the Transfer Agent; and
  • Citigroup Global Markets Europe AG will act as the Registrar,

in each case as defined in the final offering memorandum relating to the Offering dated 29 January 2020.

3. SATISFACTION OF THE FINANCING CONDITION
With reference to the Notice of Conditional Full Redemption in relation to the Company’s €550,000,000 5.00% Senior Secured Notes due 2023 (the “2023 Notes”) dated 27 January 2020, the Company would like to inform the market and its investors that the Financing Condition (as defined in such notice) has been satisfied and the 2023 Notes will be redeemed in full on 6 February 2020.

This announcement is not an offer of securities for sale in the United States. The Notes may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act. Any securities mentioned herein have not been and will not be registered under the U.S. Securities Act, and no public offering will be made in the United States.

SOURCE: EuropaWire

RCS&RDS successfully priced the offering of up to EUR 800 million senior secured notes

BUCHAREST, Romania, 30-Jan-2020 — /EPR FINANCIAL NEWS/ — The Company (Digi Communications N.V.) would like to inform the market and its investors that on 29 January 2020, RCS&RDS has successfully priced the offering (the “Offering”) of its (i) €450.0 million 2.50% senior secured notes due 2025 and (ii) €400.0 million 3.25% senior secured notes due 2028 (collectively, the “Notes”).

Citigroup Global Markets Europe AG act as the Global Coordinator and Joint Physical Bookrunner in relation to the Offering. ING Bank N.V., London Branch and UniCredit Bank AG act as Joint Physical Bookrunners in relation to the Offering.

The settlement of the Notes is expected to take place on 5 February 2020.

The gross proceeds of the Offering will be used (such use, together with the Offering, the “Refinancing”) (a) to redeem the entire aggregate principal amount outstanding of €550.0 million 5.0% senior secured notes due 2023 issued by the Company and pay €22.3 million of redemption premium and accrued, but unpaid, interest to holders thereof; (b) to prepay or repay the aggregate principal amount of approximately €88.9 million equivalent (calculated at the NBR’s RON/€ exchange rate as at 23 January 2020) outstanding under the Group’s senior facilities agreement dated 7 October 2016 (as amended on 16 October 2017 and 5 June 2019), between, among others, RCS&RDS, as borrower, and BRD-Groupe Société Générale S.A., Citibank, N.A., London Branch, ING Bank and UniCredit Tiriac Bank, as lead arrangers; (c) to prepay the entire aggregate principal amount of approximately €73.4 million equivalent (at the NBR’s RON/€, or the CBH’s HUF/€, exchange rate, as applicable, as at 23 January 2020) outstanding under the Group’s senior facilities agreement dated 1 February 2018 (as amended on 9 March 2018), between the Issuer and DIGI Hungary, as borrowers, the Parent, as guarantor, Citibank N.A., London Branch and ING Bank N.V., as mandated lead arrangers, ING Bank N.V., as facility agent, and several other financial institutions, as lenders; (d) to repay (without cancelling) certain overdraft facilities; (e) to pay costs, expenses and fees (including the fees of the Global Coordinator and Joint Physical Bookrunner and Joint Physical Bookrunners, legal and accounting fees and other transaction costs) in connection with the Refinancing; and (f) for general corporate purposes (which may include acquisitions).

The Notes are expected to be listed on the Official List of the Irish Stock Exchange (trading as Euronext Dublin) and trading on its regulated market. A prospectus relating to the notes will be made available on the website of the Company in due course.

For further information in relation to the Offering and the Notes, please refer to the report dated 27 January 2020 available at http://bvb.ro/FinancialInstruments/SelectedData/NewsItem/DIGI-Oferta-obligatiuni-RCS-RDS-in-val-de-800mil-EURO-si-ajustare-sit-fin-Q3-2019/8A562)

This announcement is not an offer of securities for sale in the United States. The Notes may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act. Any securities mentioned herein have not been and will not be registered under the U.S. Securities Act, and no public offering will be made in the United States.

SOURCE: EuropaWire