Cyfrowy Polsat prepays PLN 100 million of the term loan

28 Jun 2013

On June 28 this year, Cyfrowy Polsat has made a voluntary prepayment of the term loan incurred in 2011 for the acquisition of TV Polsat. The amount of the voluntary prepayment amounted to PLN 100 million and it will reduce both the principal and interest payments in the future periods.

- Sustained reduction of the net debt/EBITDA ratio to the level below 2.0x has been our priority. The soonest possible achievement of this goal and maintaining the ratio at this level was the basis of the Management Board’s recommendation to retain the entire net profit for 2012. The resolution of the General Meeting has enabled us to take a decision on early repayment of the part of the loan. I am glad that the financial condition of our Group not only gives us the ease to conduct operations, but also the possibility of regular debt servicing, often even ahead of schedule - said Dominik Libicki, President of the Management Board of Cyfrowy Polsat S.A.

Last updated 10/04/2014