United Group B.V. and its parent Summer BidCo B.V. successfully price bond offerings totalling €1.73bn

United Group (UG) has used the opportunity of a constructive market backdrop to finalize a financing round of €1.73bn on the back of strong operational performance as evidenced by continued revenue and EBITDA growth. The proceeds will be used to repay the existing senior secured bonds due in 2026 and 2029, the existing Pay-If-You-Can PIK Notes due in 2025 and RCF drawings, effectively prolonging maturities of the refinanced 2025 and 2026 notes, reducing interest expense on the refinanced 2029 notes and further strengthening UG’s capital structure. Pročitaj više