United Group B.V. Secures €1.5 Billion Bond Refinancing

United Group B.V. successfully completes €1.5 billion bond refinancing, extending maturities and reducing cost of debt United Group B.V., a leading telecommunications and media company in Southeastern Europe, today announces that it has successfully completed €1.5 billion in bond refinancing transactions, significantly strengthening its capital structure and financial flexibility. Strong investor demand allowed the Group to dramatically upscale the new floating rate notes (FRNs) transaction to €1,130 million, and also refinance its outstanding PIYC PIK notes. The transaction achieved a reduction in the cost of its FRNs by 100 basis points and its PIYC PIK notes by 112.5 basis points, resulting in approximately €15 million of annual interest cost savings as well as an extension of the Group’s debt maturity profile. This outcome follows United Group’s successful €400 million bond refinancing completed in December 2025 and the Group’s recent Q3 results, which demonstrated continued growth in revenue and adjusted EBITDAaL, and a further reduction in leverage. Together, these developments reflect continued support from the Group’s bondholders and the strength of demand for United Group’s credit in the European debt capital markets, and underscore confidence in the Group’s strategy, growth prospects and financial performance. Stan Miller, CEO of United Group, said: “We are delighted with the outcome of this transaction. It has not just reduced our funding cost but this was a further vote of confidence from our bond investors and builds on the positive momentum following our strong Q3 results. It reflects our disciplined approach to capital structure management and enhances our financial flexibility, allowing us to continue executing our strategy in our core EU markets, advancing our growth agenda, and creating long-term value for our stakeholders.” J.P. Morgan acted as global coordinator and physical bookrunner. BNP Paribas, Citigroup Global Markets Europe AG, Crédit Agricole Corporate and Investment Bank, Deutsche Bank Aktiengesellschaft, Goldman Sachs Bank Europe SE, ING Bank N.V., KKR Capital Markets (Ireland) Limited, Morgan Stanley Europe SE, Mizuho Securities Europe GmbH, Raiffeisen Bank International AG and UniCredit Bank GmbH acted as joint global coordinators and bookrunners. Notes to editors The refinancing comprised the issuance of €1,130 million of new FRNs maturing in 2033, priced at Euribor plus 3.25%, and €355 million of new PIYC PIK Notes maturing in 2031 with a coupon of 8.875%. The proceeds from the transaction were used to refinance €480 million of existing FRNs due 2029 and €650 million of existing floating rate notes due 2031, both priced at Euribor plus 4.25%, as well as €351 million of existing PIYC PIK notes due 2029 with a coupon of 10.00%, and to pay related fees and expenses. Following completion of the refinancing, net leverage is expected to remain broadly unchanged, excluding expenses in connection with the transaction.