IPO-bound Ziggo Refinances Debt

Dutch cable operator Ziggo is refinancing its existing debt as it makes its way toward and initial public offering, Reuters reported. The company plans to extend the maturity of its 250 million euro ($360 million) debt by two-and-a-half years. Private equity owners Cinven and Warburg Pincus have hired STJ Advisors to prepare for an IPO that could value Ziggo at around 7 billion euros, Reuters reported previously.

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