Loan & DebtMay 7, 2026, 04:46 PM
Wyre Finance BV Secures €4.35B ($5.1B) in New Bank Facilities
AI Summary
Wyre Finance BV, an indirect wholly-owned subsidiary of a joint venture between Telenet BV (a Liberty Global Ltd. subsidiary) and Fluvius System Operator CV, entered into new bank facilities totaling €4.35 billion ($5.1 billion). These facilities include a Term Facility, Capex Facility, Initial Revolving Facility, and Debt Service Reserve Facility. The funds are intended for various purposes including debt repayment, capital expenditures, acquisitions, working capital, and financing a dividend or distribution up to €3.0 billion.
Key Highlights
- Wyre Finance BV secured €4.35 billion ($5.1 billion) in new bank facilities on May 1, 2026.
- Facilities include a €2.7 billion Term Facility, €1.2 billion Capex Facility, €215 million Initial Revolving Facility, and €235 million DSR Facility.
- The Term Facility can finance debt repayment, a dividend/distribution up to €3.0 billion, capital expenditure, acquisitions, and working capital.
- The Capex Facility is for capital expenditure and permitted acquisitions.
- The Initial Revolving Facility is for ongoing working capital and general corporate purposes.
- The DSR Facility covers shortfalls in interest payments to secured creditors.
- Final maturity date for the Facilities is 84 months from the first utilization of the Term Facility.
- Interest rates range from EURIBOR plus 2.35% to 3.25% per annum, increasing over time.