Bloomberg News

Carlyle Loans for Telecable Asturias to Total 225 Million Euros

October 19, 2011

Oct. 19 (Bloomberg) -- Carlyle Group is seeking 225 million euros of loans to fund its buyout of Spanish cable-television company Telecable de Asturias SAU, a person with direct knowledge of the deal said.

Barclays Capital, Banco Bilbao Vizcaya Argentaria SA, BNP Paribas SA, ING Groep NV, Banco Santander SA and UniCredit SpA are arranging the financing comprised of senior loans, about 200 million euros of which is expected to be drawn. The debt represents 3.5 times Telecable’s earnings before interest, tax, depreciation and amortization, the person said.

To contact the reporter on this story: Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editor responsible for this story: Cecile Gutscher at cgutscher@bloomberg.net


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