Nicholas Shaw~~Meredith Jones
January 24, 2026
United Group Completes Consent Solicitation

1 min
AI-made summary
- Simpson Thacher represented United Group B.V., a KKR portfolio company, in soliciting consents from holders of its 4.375% Senior Secured Notes due 2022 to waive and amend certain note provisions
- The amendments allowed United Group to use €200 million, previously subject to special mandatory redemption, to fund the acquisition of NOVA TV d.d
- and POP Slovenia or, if the acquisition did not proceed, to repay outstanding credit facilities
- A supplemental indenture was executed on August 3, 2018.
Simpson Thacher represented United Group B.V. (“United Group”), a KKR portfolio company, in connection with the solicitation of consents from the holders of United Group’s 4.375% Senior Secured Notes due 2022 (the “Notes”) to waive and approve an amendment to certain provisions contained in the Notes, as set forth in the consent solicitation statement dated July 24, 2018. The purpose of the waiver and proposed amendment was to allow United Group to use the €200 million that was subject to the special mandatory redemption provisions (the “Special Mandatory Redemption Funds”) to complete the proposed acquisition (the “Acquisition”) by Slovenia Broadband S.à r.l., a wholly owned direct subsidiary of United Group, of all of the issued and outstanding share capital and capital stock of NOVA TV d.d. and Produkcija Plus storitveno podjetje d.o.o. (“POP Slovenia,” which includes its subsidiaries POP TV d.o.o. and Kanal A d.o.o.), from CME Media Enterprises B.V., upon obtaining all necessary antitrust and regulatory approvals in connection with the Acquisition or, in the event that the acquisition of POP Slovenia is not consummated or United Group determines that the acquisition of POP Slovenia is unlikely to close, to instead use the remaining portion of the Special Mandatory Redemption Funds to repay all or a portion of the amounts outstanding under its revolving credit facility and other liquidity lines by waiving and deleting the special mandatory redemption provisions contained in the Notes. United Group entered into a supplemental indenture containing the proposed amendments on August 3, 2018.~~United Group is a leading provider of cable and satellite pay-TV, broadband internet, mobile and other telecommunications services in South Eastern Europe.~~The Simpson Thacher team included Nick Shaw, Uma Sud, J. Hillyer Jennings and J. John Lim (Capital Markets); and Meredith Jones and Bill Smolinski (Tax).
Article Author
Nicholas Shaw~~Meredith Jones
The Sponsor
