TalkTalk Telecom Group Ltd
(the "Issuer")
Refinancing Update: Update on support level for the transaction
Further to the announcement on 2 September, the Issuer is pleased to announce that additional RCF lenders and bondholders have entered into the binding Lock-Up Agreement supporting the transaction.
As of 16 September 2024, 100% of the RCF and over 97% of bondholders have now signed up to the binding Lock-Up Agreement. The level of support from lenders means the Issuer can now implement the transaction consensually via contractual amendments under the RCF and a consent solicitation and exchange offer, which is expected to be the quickest and most cost-effective implementation route.
The Issuer thanks creditors and stakeholders for their ongoing support and looks forward to closing the transaction in the coming months.
All enquiries in relation to this announcement should be addressed to:
CAREY OLSEN CORPORATE FINANCE LIMITED
Listing Agent
Tel: (0)1534 888 900