Forthnet S.A. announces that its wholly owned subsidiary, "FORTHNET MEDIA HOLDINGS SA", entered into the necessary agreements for the issue of a secured common bond loan of a principal amount of up to 245 million Euro, which will be subscribed for by National Bank of Greece S.A., Alpha Bank S.A., Millennium Bank S.A. and Agricultural Bank of Greece S.A.
The term of the bond loan will be for up to 9 years and the funds will be utilized in order to, among other purposes, partially finance the acquisition of the total share capital of each of NetMed NV and Intervision (Services) BV, of which the former is the ultimate parent company of, among others, NetMed Hellas S.A., Multichoice Hellas S.A. and Multichoice (Cyprus) Public Company Ltd which provide Pay-TV services in Greece and Cyprus. FORTHNET MEDIA HOLDINGS will draw down the bond loan at closing of the acquisition. Forthnet S.A. will guarantee the obligations of FORTHNET MEDIA HOLDINGS under the bond loan and provide a pledge over the total share capital of FORTHNET MEDIA HOLDINGS owned by it.
Not for release, directly or indirectly, in or into the United States, Australia, Canada or Japan. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would be unlawful. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States (as such term is defined in Regulation S under the Securities Act) unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.