Business
Successful Debt Repricing
Zegona Communications plc has successfully repriced its EUR Term Loan B Facility, reducing the all-in interest rate to 4.35% with a margin decrease of 50 basis points to 2.25% per annum. The Term Loan B will be reduced to €1.665 billion upon receipt of FiberPass proceeds, and this repricing is expected to contribute to an annualised total interest reduction of approximately €80 million since the investment in Vodafone Spain. This transaction, which results in the lowest priced euro telco term loan B, demonstrates strong credit market support for Zegona. Disclaimer*
About this update from Zegona Communications Plc
[{"type":"text","content":"\n\n\n\n\n\n9 January 2026\n\n\nLEI: 213800ASI1VZL2ED4S65\n\n\n\n\nZegona Communications plc\nSuccessful Debt Repricing\n€1.7bn Term Loan B Repricing Down to 4.35% All-in Interest Rate\nZegona is pleased to announce that its subsidiary Zegona HoldCo Limited has successfully completed the repricing of its EUR Term Loan B Facility (the \"Term Loan B\") due July 2029.\nThe repricing reduces Zegona's all-in interest rate under the Term Loan B to 4.35% with the margin reducing by 50 basis points, from 2.75% p.a. to 2.25% p.a.1 The Term Loan B will reduce to €1.665bn on receipt of the FiberPass proceeds2. Other key terms remain substantially unchanged3.\nEamonn O'Hare, Chairman and CEO of Zegona, commented: \"We're pleased to report a further reduction in the cost of Zegona's debt, with today's successful repricing of the Term Loan B. Our repriced Term Loan B is the lowest priced euro telco term loan B.4 This transaction contributes to our declining interest cost trajectory with annualised total interest reducing by c.€80m since the start of our investment in Vodafone Spain (from 7.5% all-in blended interest rate to now 5.8%). Our current refinancing at 4.35% demonstrates the credit market support for Zegona.\"\n \n\n\n\n\nInvestor enquiries:\n\n\nMedia enquiries:\n\n\n\n\n\n\n\nAlfonso Enríquez\n\n\nJaime De Andres\n\n\nTilly Abraham (Sodali & Co)\n\n\n\n\[email protected]\n\n\[email protected]\n\n\[email protected]\n\n\n\n\n \nAbout Zegona \nZegona is publicly listed on the Main Market of the LSE. It was established in 2015 with the objective of investing in businesses in the European Telecommunications, Media and Technology sector and improving their performance to deliver attractive shareholder returns. Zegona is led by former Virgin Media executives Eamonn O'Hare and Robert Samuelson. In 2024, Zegona completed the acquisition of Vodafone Spain. \n1. 4.35% all-in interest rate is based on 2.25% margin plus 2.1% 6m euribor base rate\n2. As announced on the 27 November 2025 RNS titled €1.8bn Return and 69% Reduction in Zegona Ordinary Shares\n3. As is customary in repricing transactions, we are resetting the \"soft non-call\" for another six months which means we cannot reprice within six months. There are no changes impacting prepayment.\n4. Compared to European term l...