COPENHAGEN, Denmark, March 3, 2006 (PRIMEZONE) -- TDC A/S (NYSE:TLD) (Other OTC:TDCAF) has today entered into a senior term and revolving facilities agreement as borrower and guarantor, and has accepted its appointment as nominee by Nordic Telephone Company Holding in connection with the invitation made to holders to offer to sell certain debt securities issued by TDC.
TDC A/S has today entered as borrower and guarantor into a senior term and revolving facilities agreement (the "Senior Facilities Agreement") originally entered into between, amongst others, Nordic Telephone Company Holding ApS ("NTCH") as original borrower and original guarantor and Barclays Capital, Credit Suisse First Boston International, Deutsche Bank AG, London Branch, J.P. Morgan plc and The Royal Bank of Scotland plc as original lenders.
As outlined in Nordic Telephone Company ApS' Recommended Tender Offer to the Shareholders of TDC A/S dated 2 December 2005 (the "Tender Offer"), the Senior Facilities Agreement is a secured multi-currency term facility originally in an amount of up to EUR 9,600,000,000. It is composed of three term loan facilities of originally up to EUR 7,800,000,000 in aggregate, a revolving credit facility of up to EUR 700,000,000 and a term loan facility (the "Cash Bridge Facility") of up to EUR 1,100,000,000 (together the "Senior Facilities"). The scheduled repayment dates of the Senior Facilities (other than the Cash Bridge Facility that will mature on 30 May 2006) range from seven years to nine years as from 30 January 2006.
TDC A/S primarily intends to use the Senior Facilities Agreement for refinancing certain existing interest bearing debt, for financing general corporate purposes and for financing certain dividend payments.
As outlined in the Tender Offer and in accordance with the Invitation Memorandum issued by NTCH on 21 December 2005 as amended from time to time (the "Invitation"), an invitation was made to holders of certain debt securities issued by TDC ("TDC MTNs") to offer to sell their TDC MTNs to NTCH or, at NTCH's option, its nominee.
TDC A/S has also today entered into an agreement with NTCH according to which TDC A/S is nominated as purchaser in relation to any offer to sell made under the Invitation.
For further information see corresponding press release from Nordic Telephone Company Holding ApS.
For further information please contact TDC Investor Relations at +45 3343 7680.
TDC A/S Noerregade 21 0900 Copenhagen C DK-Denmark www.tdc.com