Cellnex Telecom : The company sends information on a bond issuance for an amount of EUR 450 million 422kB
January 09, 2020 at 06:23 pm
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COMISION NACIONAL DEL MERCADO DE VALORES (CNMV)
In accordance with article 226 of the Consolidated Text of the Spanish Securities Markets Law approved by Royal Legislative Decree 4/2015 from 23 October, CELLNEX TELECOM, S.A. ("Cellnex" or the "Company") hereby notifies the Spanish Securities Market Commission of the following
INSIDE INFORMATION
Cellnex has successfully completed the pricing of a EUR-denominated bond issuance (with expected ratings of BBB- by Fitch Ratings and BB+ by Standard&Poor's) aimed at qualified investors for an amount of EUR 450 million, maturing in April 2027 and with a coupon of 1.0%.
Cellnex is taking advantage of favorable market conditions to lower its average cost of debt and increase its average debt maturity by issuing a new long term instrument, at highly attractive terms. The net proceeds from the Issue will be used for general corporate purposes.
Madrid, 9 January 2020
Note: This document is a translation of a duly approved Spanish language document, and is provided for information purposes only. In the event of any discrepancy between the text of this translation and the text of the original Spanish language document which this translation is intended to reflect, the text of the original Spanish language document shall prevail.
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Cellnex Telecom SA published this content on 09 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 January 2020 18:22:04 UTC
Cellnex Telecom, S.A. is among the main European operators of telecommunications and radio broadcasting infrastructures. Income breaks down by activity as follows:
- leasing out of telecoms infrastructures (90.9%): mainly intended for mobile phone operators;
- operation of radio broadcasting networks (5.7%);
- other (3.4%): in particular, provision of networking services.
Income is distributed geographically as follows: Spain (15.1%), Italy (19.7%), France (19.6%), Poland (12%), the United Kingdom (16.3%), Switzerland (4.1%), Portugal (3 .7%), Netherlands (3.5%), Austria (2%) and others (4%).