ProSiebenSat.1 launches Debt Issuance Program for future bond financing
Unterföhring, October 30, 2020. Today, ProSiebenSat.1 Media SE has successfully taken the final steps in establishing a Debt Issuance Program. This is a flexible financing program allowing the issuance of fixed and variable rate notes. The program has an overall volume of up to EUR 2.5 billion and aims especially at refinancing existing interest-bearing financial liabilities of ProSiebenSat.1 Group in the future. Amounts, terms and interest rates of the notes to be issued are determined by the conditions prevailing at the respective time of financing.
Rainer Beaujean, Chairman of the Executive Board & CFO of ProSiebenSat.1 Media SE: “With the Debt Issuance Program, we have created an opportunity to proactively refinance future maturities with greater flexibility and to take advantage of favorable market conditions as they arise.”
ProSiebenSat.1 Media SE is planning to redeem the existing EUR 600 million notes due in April 2021 from available liquidity resources. The Group does not intend to use the Debt Issuance Program for this redemption.
Corporate Communications | Corporate & Finance CommunicationStefanie Rupp-MenedetterHead of Group Communications & EventPhone: +49 89 9507-2598Stefanie.Rupp@ProSiebenSat1.com
Corporate Communications | Corporate & Finance Communication | Content ProductionSusanne BrieuHead of Corporate Communications Strategy & Finance, Communication Red Arrow StudiosPhone: +49 89 9507-1137Susanne.Brieu@prosiebensat1.com