The Additional Notes are expected to settle on 12 February 2019 and have a yield to maturity of 4.57%.
Following up on Digi’s offer of Additional Notes, the company published a document in which it states that on 7 February 2019 they successfully priced EUR 200m 5.0% senior secured notes due 2023 to be consolidated and treated as a single class with the existing EUR 350m 5.0% senior secured notes due 2023.
The Additional Notes are expected to settle on 12 February 2019 and have a yield to maturity of 4.57%, while the gross proceeds of the Offering are EUR 203.5m plus interest deemed to have accrued from 15 October 2018 (the last date on which interest on the Original Notes was paid) to 12 February 2019 (the settlement date).
The proceeds of the issue of the Additional Notes will be used to prepay an approximate equivalent of EUR 52.6m under the Facility A1 and A2 2016 Senior Facilities Agreement. It will be also used to repay EUR 25m under Facility B of the 2016 Senior Facilities Agreement and to prepay EUR 100m under the 2018 Senior Facilities Agreement. Further, it will be used to pay costs, expenses and fees in relation to the Offering and for general corporate purposes.