de
de
PRESS RELEASE
Date:
10/08/2021
LATEST ARTICLES
Press archive
Find all press releases in
Press archive

ProSiebenSat.1 uses proceeds of new EUR 700 million Schuldscheindarlehen for a EUR 900 million prepayment of Term Loans

Unterföhring, October 8, 2021. Today, ProSiebenSat.1 Media SE prepaid EUR 900 million of its existing term loans under its Senior Facilities Agreement. The Group’s term loans thus reduced from EUR 2.1 billion to now EUR 1.2 billion mostly maturing in April 2024.

Primarily all of the proceeds of a new Schuldscheindarlehen (promissory loan) offering, in the amount of EUR 700 million with tenors of four, six, eight and ten years and which successfully closed at the beginning of October, were used for this purpose. Initially, the Schuldschein was announced and marketed at EUR 300 million.

The volume-weighted tenor of the new promissory loan offering over the four tenors is c. 5.9 years. The offering is split into four fixed rate and three floating rate tranches with the fixed rate tranches totaling c. EUR 403 million (average weighted tenor: c. 6.1 years) and the floating rate tranches totaling c. EUR 297 million (average weighted tenor: c. 5.5 years). The volume-weighted yield for the four fixed-rate tranches is c. 0.92% per annum. The three floating rate tranches are at Euribor money market rates but floored at 0% plus a volume-weighted spread of c. 0.85% per annum.

With this refinancing, the Group took advantage of the currently attractive conditions in the debt capital market, secured attractive interest rates, and has further extended and diversified its debt maturity profile. Arrangers to this transaction were DZ BANK, Landesbank Baden-Wuerttemberg (LBBW) and UniCredit.

Contacts
Corporate Communications;Corporate & Finance Communication
Susanne Brieu
Head of Corporate Communications Strategy & Finance
+49 [0]89 9507-1137
Susanne.Brieu@prosiebensat1.com
BACK TO TOP
Daisy Rosemeyer-Elbers, Vanessa Frodl und Nathalie Galina
How synergies between video-on-demand and free-tv lead to success
The fragmentation of media use and a tougher battle for shares in the audience market and for advertising revenues – these are the challenges that television will face in the coming years.
ParshipMeet Group
Pink Unicorns & Creator Economy
With live video streaming, ParshipMeetGroup offers its customers a new form of user experience: users can easily participate in live streams of their favorite creators, find contacts and build relationships with them. Social entertainment is already offered in numerous apps of ParshipMeet Group and makes users feel part of a community.
Clemens Mulokozi & Dr. Martin Emele
"When children do sports, they speak one language."
“UKIMWI” is spelled out in capital letters on the ground of the dusty sports field in Bukoba, Tanzania. Ukimwi is Swahili, and it means AIDS. The children from the elementary school put the word together using lots of little wooden sticks.
© 2024 ProSiebenSat.1 Media SE