Commentary & Deal Flow

• Price Progression:
  • IPT: Par area
• Issuer: United Group B.V.
• Ticker: ADRBID
• Size: EUR200m
• Format: Reg S / 144A
• Security: 6.75% Senior Secured Notes due 2031
• Issue Ratings: B2 / B
• Maturity: February 2031 (4y)
• Existing Issue: 6.75% Senior Secured Notes due 2031
• Optional Redemption: NC until 05-February-2027, 50% / 25% / Par
• Special call: 10% at 103 p.a.
• Listing: The International Stock Exchange
• Law: New York
• Denominations: 100kx1k
• Sole Global Coordinator and Sole Bookrunner: J.P. Morgan
• UOP: Repay drawings on RCF, general corporate purposes and pay transaction fees and expenses
• Biz: The leading telecommunications player in Southeastern Europe
  Marketing:
• Investor Call: 28-September-2026 at 10:00am UKT

Registration Link / Slides: https://www.netroadshow.com/events/login/1PeTHmojHcbNprnZeM1PZP8qzo5uDvtChrn2h
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