Kabel Deutschland issues tender offer to bond holders
Unterfoehring, Germany (ots) - In accordance with the terms of
its EUR250 million 10.75% Senior Notes due 2014 and its $610 million
10.625% Senior Notes due 2014, KDG today commenced an offer to
repurchase such notes at a price of 100% of the principal amount
thereof plus accrued and unpaid interest to the date of repurchase.
The offer to purchase will expire on October 22, 2004. A tender offer
statement with detailed information about KDG's offer to purchase
notes is being sent to note holders. For information purposes only,
the offer statement will also be made available on KDG's web site
About Kabel Deutschland
Kabel Deutschland is the largest cable network operator in Europe,
connecting almost 10 million households in thirteen German states.
KDG owns and operates the network infrastructure, is responsible for
the marketing of cable access, as well as other related services, and
develops new digital TV and highspeed internet services. The
company's digital TV service provides a platform that is open to all
content providers. In 2003, KDG was acquired from Deutsche Telekom by
a consortium of financial investors comprised of Apax Partners,
Providence Equity Partners and Goldman Sachs Capital Partners.
Kabel Deutschland GmbH
Roland Klein: +49 89 / 960 10 - 151
Stefan Schott: +49 89 / 960 10 - 153