The successful refinancing of Senior Secured Notes in the amount of 600 million euros due 2026, with the securing of new Senior Secured Notes, amounting to 750 million euros announced United Group, parent of Nova.

In addition to the refinancing of the above bonds, the funds raised from the offering will be used to repay the outstanding balance of the existing Super Senior Revolving Facility.

Following this refinancing, the net leverage will remain unchanged at United Group BV.

The new, 7-year High Collateral Bonds they will have 6.500% coupon and have been rated B2 by Moody’s and B by S&P.

Janez Zivko, Vice President Finance of United Group, said: “We are particularly pleased by the strong demand for the €750 million 7-year bonds. The transaction is aligned with our overall financial strategy, which aims to proactively cover short-term debt obligations and create a strong, long-term financing structure. This refinancing is supported by steady growth in revenue and adjusted EBITDAal, with a compound annual growth rate (CAGR) of 28% and 25% respectively for the period 2015-2023, from a combination of organic growth and acquisitions. It also follows a €1.73 billion over-leveraged refinancing round in January 2024.”