Liberty Global Ltd.

07/01/2025 | Press release | Distributed by Public on 07/01/2025 15:22

Financial Obligation (Form 8-K)

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
Telenet BV (the "Company") as original borrower and the Company, Telenet International Finance S.à r.l., Telenet Financing USD LLC and Telenet Group BV, as guarantors (each an "Original Guarantor" and together the "Original Guarantors"), The Bank of Nova Scotia as facility agent (the "Facility Agent") and KBC Bank NV as security agent, among others, are parties to a Credit Agreement, originally dated August 1, 2007, as amended from time to time, and most recently amended and restated on June 30, 2025 (the "Credit Agreement"). Each Original Guarantor is a direct or an indirect wholly-owned subsidiary of Telenet Group Holding NV and Telenet Group Holding NV is an indirect wholly-owned subsidiary of Liberty Global Ltd.
Capitalized terms used below shall have the meanings given to them in the Amended and Restated Credit Agreement (as defined below).
On June 30, 2025, the Company, the Facility Agent, the entities named therein as Obligors and the entity named therein as Acceding Lender, among others, entered into a supplemental agreement (the "Supplemental Agreement") to amend and restate the Credit Agreement (the Credit Agreement, as amended and restated by the Supplemental Agreement, the "Amended and Restated Credit Agreement") to, among other things:
•provide for certain amendments to Clause 12.13 (Sustainability Adjustments) of the Credit Agreement;
•collapse the existing bifurcation of the Revolving Facility tranches (Revolving Facility A and Revolving Facility B) into a single Revolving Facility tranche with a Final Maturity Date of May 31, 2029; and
•increase the total commitments under the Revolving Facility by €30.0 million ($35.3 as at the June 30, 2025 exchange rate) by way of the accession of the Acceding Lender as a new Revolving Facility Lender.
The Supplemental Agreement and the Amended and Restated Credit Agreement are attached hereto as Exhibit 4.1 and are incorporated herein by reference. The foregoing description of the Amended and Restated Credit Agreement is not complete and is subject to and qualified in its entirety by reference to the full text thereof set forth in Exhibit 4.1.
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