TDC : DKT Finance ApS announces the completion of its €1,400 million (equivalent) notes offering
DKT Finance ApS (the "Issuer") announced today that it has successfully completed its offering (the "Offering") of €1,400 million (equivalent) aggregate principal amount of notes consisting of €1,050 million aggregate principal amount of 7.000% senior notes due 2023 and $410 million aggregate principal amount of 9.375% senior notes due 2023 (collectively, the "Notes"), in connection with its direct subsidiary's, DK Telekommunikation ApS, acquisition of TDC A/S ("TDC") and its subsidiaries. DK Telekommunication ApS was formed for the purpose of making and implementing the acquisition and is indirectly owned by a consortium consisting of PFA Pension Forsikringsaktieselskab ("PFA"), PKA A/S ("PKA"), acting on behalf of PKA Pension Funds,1 Arbejdsmarkedets Tillægspension ("ATP") and DKTUK Limited ("MIRACo") an entity managed by Macquarie Infrastructure & Real Assets (Europe) Limited ("MIRAEL").2 The proceeds of the Offering have been used to repay the outstanding indebtedness under the bridge facility agreement that was entered into in connection with the acquisition, together with accrued and unpaid interest thereon, and to pay transaction fees and expenses in connection therewith.
The Notes were offered in the United States only to qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act and, if an investor is a resident of a member state of the European Economic Area (the "EEA"), only to such an investor that is a qualified investor (within the meaning of Article 2(1)(e) of Directive 2003/71/EC, together with any amendments thereto, including Directive 2010/73/EU, to the extent implemented in the relevant member state (the "Prospectus Directive")).
1 Pensionskassen for Sygeplejersker og Lægesekretærer, Pensionskassen for Sundhedsfaglige, and Pensionskassen for Socialrådgivere, Socialpædagoger og Kontorpersonale ("PKA Pension Funds").
2 Macquarie Infrastructure and Real Assets (Europe) Limited (MIRAEL) is registered in England and Wales (Company number 03976881, Firm Reference No. 195652). The registered office for MIRAEL is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD. MIRAEL is authorised and regulated by the Financial Conduct Authority.