Telenet Financing, a wholly-owned subsidiary of Telenet International Finance, entered into a $500 million financing agreement with The Bank of Nova Scotia as facility agent.

This additional facility drawn under the credit agreement originally dated August 1, 2007, as amended from time to time and last amended and restated on November 2, 2015.

The final maturity date for the facility will be June 30, 2025 and it will bear interest at a rate of LIBOR + 2.75% subject to a LIBOR floor of 0.00%. Liberty will use the facility for general corporate purposes and working capital purposes.

The advances made under the facility will be issued with no original issue discount fee. The net proceeds of such advances under Facility AI2 will be used to prepay in full the €450 million ($493.9 million) outstanding amount under Telenet Facility U under the credit agreement and redeem in full the €450.0 million ($493.9 million) aggregate outstanding principal amount of the 6.25% senior secured notes due 2022 issued by Telenet Finance V Luxembourg.

The Telenet companies are subsidiaries of Liberty Global.