Event Publicly Available Information:
Question:
Did a Universal Succession Event happen at Ziggo Bond Finance BV?
Explanation:
According to the Ziggo Bond Finance BV (ZBF) annual accounts 2017, filed with the official Netherlands online business register on the 11th of December 2018, the company lists under ’35 SUBSEQUENT EVENTS’ that Ziggo Bondco assumed all obligations under the notes issued by ZBF and that each of these assumptions and releases has been deemed repayment in full and cancellation of the relevant Proceeds loan that were created in connection with the issuance of the notes.
In this statement the company refers to ZBF as an SPV. In the same segment of the annual report (’35 SUBSEQUENT EVENTS) the company states that the ‘The VodafoneZiggo SPV structure was terminated on March 8, 2018’ This SPV was solely set up to issue notes that have all been transferred to Ziggo Bondco.
Does the transfer and what the company refers to as ‘termination’ to the structure make Ziggo Bondco the universal successor of ZBF?
| Date | Description | Document |
|---|---|---|
| Closed | ||
| Ongoing | ||
| Ongoing | EMEA DC Statement 18 January 2019 The EMEA DC met on Friday 18 January 2019 to discuss the DC Questions and resolved to meet again to continue discussions on the DC Questions on Monday 21 January 2019. | |
| Ongoing | EMEA DC Statement 17 January 2019 The EMEA DC met on Thursday 17 January 2019 to discuss the DC Questions and resolved to meet again to continue discussions on the DC Questions on Friday 18 January 2019. | |
| Ongoing | ||
| Request Accepted by DC | ||
| Pending DC Consent |