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On 9 January 2026, Zegona Communications plc's subsidiary, Zegona HoldCo Limited, successfully repriced its EUR Term Loan B Facility, which is due July 2029. This repricing reduced the facility's all-in interest rate to 4.35%, with the margin decreasing by 50 basis points from 2.75% p.a. to 2.25% p.a. The Term Loan B, originally €1.7bn, will reduce to €1.665bn upon receipt of FiberPass proceeds.
| Date | 9 Jan 2026 |
| Time | 10:30:40 |
| Category | Capital structure |
| ID | 3531O |
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9 January 2026 |
LEI: 213800ASI1VZL2ED4S65 |
Zegona Communications plc
Successful Debt Repricing
€1.7bn Term Loan B Repricing Down to 4.35% All-in Interest Rate
Zegona 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.
The 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.
Eamonn 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."
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Investor enquiries: |
Media enquiries: |
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Alfonso Enríquez |
Jaime De Andres |
Tilly Abraham (Sodali & Co) |
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info@zegona.com |
About Zegona
Zegona 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.
1. 4.35% all-in interest rate is based on 2.25% margin plus 2.1% 6m euribor base rate
2. As announced on the 27 November 2025 RNS titled €1.8bn Return and 69% Reduction in Zegona Ordinary Shares
3. 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.
4. Compared to European term loan B's above €250m in size in market today