Leading German Cable Group in €1.35 Billion High Yield Notes Offering
April 5, 2006
Cleary Gottlieb represented Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, and Goldman Sachs International as initial purchasers on the German law aspects of the €1.35 billion Reg S/Rule 144A senior secured floating rate notes offering by iesy Hessen GmbH & Co. KG and ish NRW GmbH.
The two German cable operators iesy and ish belong to Unity Media which also is the parent of Tele Columbus as well as the sports rights owner arena. A total of 5.2 million homes in Hesse and North Rhine-Westphalia are connected to Unity Media’s network.