...February 3, 2022 PARIS (S&P Global Ratings) Feb. 3, 2022--S&P Global Ratings today said that, because the new 3.3 billion financing raised by TDC Net A/S, a subsidiary of DKT Holdings ApS (B/Stable/--), replaces debt of the same amount, there is no impact on the holding company's debt profile. As such, our credit analysis of DKT remains unchanged, as does our view of recovery for the noteholders of the senior unsecured and the subordinated high-yield debt issued by various legal entities within DKT. The new financing at TDC Net follows the creation of this operating entity, alongside Nuuday, when the previously combined company was separated in 2021. TDC Net's financing comprises committed long-term 3.3 billion bank facilities, including term loans and credit facilities. The company will initially use the proceeds to prepay the 1.9 billion term loan B and 845 million outstanding RCF at the TDC Holding. The issuer also plans to allocate proceeds to the repayment of 500 million unsecured...
