REG - Zegona Comms. - Successful Debt Repricing

Zegona CommunicationsAnnouncement

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RNS Number : 3531O  Zegona Communications PLC  09 January 2026

 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
proceeds(2). Other key terms remain substantially unchanged(3).

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."

 

 Investor enquiries:  Media enquiries:
 Alfonso Enríquez     Jaime De Andres            Tilly Abraham (Sodali & Co)
 info@zegona.com      jaime.andres@vodafone.com  zegona@info.sodali.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

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