United Group B.V., a leading telecommunications and media company in Southeastern Europe, announces that it has successfully completed an offering of its euro-denominated notes maturing in January 2032 for a total principal amount of €400 million.

The issue price of the notes was par, and the notes have a fixed rate coupon of 6.25% per annum. The notes are listed on The International Stock Exchange.

The proceeds from the offering will be used to refinance existing debt of the group, including the redemption of existing senior secured notes due 2027, the repayment of amounts drawn under the existing revolving credit facility and certain local facilities, and the payment of related fees and expenses. Following completion of the refinancing, net leverage is expected to remain unchanged (excluding expenses in connection with the transaction). The transaction is consistent with the Group’s prudent financial policy and its approach of addressing upcoming debt maturities in advance. The successful offering reflects continued support from the Group’s bondholders and the strength of demand for United Group’s credit in the euro bond markets.

This transaction follows the publication of United Group’s Q3 and nine-month 2025 results on 2 December 2025, which showed year-on-year growth in both revenue and adjusted EBITDAal and a further reduction in leverage. For the first nine months of 2025, revenue increased by 3% year-on-year to approximately €2.0 billion and Adjusted EBITDAal grew by 7% to approximately €680 million, with last-twelve-month revenue reaching €2.7 billion (up 4% year-on-year) and last-twelve-month Adjusted EBITDAal €909 million (up 9% year-on-year). As at 30 September 2025, net leverage based on last two quarters annualized Adjusted EBITDAal decreased to 4.3x, compared to 4.7x as at 30 June 2025, while gross leverage based on last two quarters annualized Adjusted EBITDAal decreased to 4.4x, from 4.8x over the same period.

Stan Miller, CEO of United Group, said: “This successful transaction is a further vote of confidence from our bond investors and a natural next step following our strong Q3 and nine-month results. It allows us to continue our prudent approach to managing the capital structure, while we remain focused on executing our strategy in our core EU markets and maintaining the positive momentum in the business.”

J.P. Morgan acted as global coordinator and physical bookrunner. BNP Paribas, Citigroup, Crédit Agricole CIB, Deutsche Bank, Goldman Sachs, ING, KKR, Mizuho, Morgan Stanley, Raiffeisen Bank International and UniCredit acted as joint global coordinators and bookrunners.