PrimaCom AG

euro adhoc: PrimaCom AG
Closing has taken place today

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@


The company reports that the closing has taken place today. The financial restructuring of the company has successfully completed after nearly one and a half year of tough negotiations. The following, important components form the basis of the closing:

@@start.t2@@1.          The sale of Dutch subsidiary N.V. Multikabel Alkmaar for EUR515 million
to the Amsterdamse Beheer-en Consultingmaatschappij B.V. and Christine Beheer-en
Adviesmaatschappij B.V., companies.
2.          The repayment of the settlement with the Second Secured Lenders in the
amount of EUR375 million.
3.    The repayment of the Senior Lenders liabilities in the amount of EUR462

The new financing will be made through a senior credit from ING Bank N.V. in the amount of EUR280 million plus an overdraft of EUR20 million and a mezzanine financing from Och Ziff Management in the amount of EUR69 million. The whole financing was granted to the company in line with the market conditions. In the course of the new financing, a renowned auditing company reported positively on the financial health of the company. The future of the company is secured with these closing transactions.

PrimaCom AG Management Board

@@start.t3@@end of announcement                                                 euro adhoc 05.12.2005 17:12:20

ots Originaltext: PrimaCom AG
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Further inquiry note:
Investor Relations
Telefon: +49(0)6131 944 522

Branche: Telecommunications Equipment
ISIN:      DE0006259104
WKN:        625910
Börsen:  Berliner Wertpapierbörse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bayerische Börse / free trade
              Bremer Wertpapierbörse (BWB) / free trade
              Frankfurter Wertpapierbörse / regulated dealing/general

Weitere Meldungen: PrimaCom AG

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