The Prime Minister, Marjan Šarce, led a minority government which was a coalition of 5 parties and deemed that the government in current conditions is not able to carry out the necessary reforms.

Yesterday, the Prime Minister of Slovenia, Marjan Šarce, resigned, which implies the fall of the Slovenian government. Such news came shortly after the Finance Minister, Andrej Bertoncelj, resigned as well due to the disagreement over the law on the abolition of supplementary health insurance.

The Prime Minister Šarce led a minority government which was a coalition of 5 parties and deemed that the government in current conditions is not able to carry out the necessary reforms.

As a result, a new parliamentary majority should be formed, that being a transitional government. The alternative to the transitional government would be early elections, which at the moment seem to be more realistic, as forming a parliamentary majority is not in sight, and is supported by Mr. Šarce.

The stock market closed the day in red and so have 5 Slovenian blue chips (Krka,Petrol, NLB, Triglav and Luka Koper). This could have been the reaction to this news, coupled with the global markets sentiment spillover.

Digi Communications launched an offering of up to EUR 800m in aggregate principal amount of its senior secured notes due 2025 and 2028.

DIGI Communications published an announcement on the Bucharest Stock Exchange stating that RCS&RDS has launched an offering of up to EUR 800m in aggregate principal amount of its senior secured notes due 2025 and 2028.

The mentioned Notes will be offered in denominations of EUR 100,000. The Notes will be guaranteed on a senior secured basis by the Company – DIGI Hungary, Invitel and Digi Spain (collectively, the Guarantors).

The proceeds of the Offering will be used to redeem the entire aggregate principal amount of EUR 550.0m 2023 Notes outstanding and pay EUR 22.3m of redemption premium and accrued, but unpaid, interest to holders thereof.

Further the proceeds will be used to prepay or repay the aggregate principal amount of approximately EUR 88.9m equivalent outstanding under the Group’s senior facilities agreement dated 7 October 2016. Moreover, the funds will be used to prepay the entire aggregate principal amount of approximately EUR 73.4m equivalent outstanding under the Group’s senior facilities agreement dated 1 February 2018.

Finally, the funds will also be used 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 for general corporate purposes, which may include acquisitions.

The Notes will be offered solely to either qualified institutional buyers within the meaning of Rule 144A under the U.S. Securities Act of 1933 or non-U.S. persons purchasing the Notes outside the United States.