PLAY FINANCE 1 S.A.
announces full release of amounts in escrow in connection with M&A Transaction
PLAY FINANCE 1 S.A. announces that the full amount of net proceeds of €270,000,000 6½% Senior Notes due 2019 (the “Senior Notes”) deposited on the issue date for the Senior Notes into an escrow account was released on July 8, 2014, in connection with the M&A Transaction as described in the Luxembourg listing particulars dated February 25, 2014, relating to the Senior Notes.
P4 Sp. z o.o., trading as Play, is a consumer-focused mobile network operator in Poland with over 10.9 million subscribers as at 31 March 2014. Play provides mobile voice, messaging and data offerings and services to consumers and businesses (in particular to small office/home office subscribers and small/medium enterprises) on a contract and prepaid basis under our umbrella brand “PLAY”. Play provides these services, available to 99% of the population, via an extensive, modern and cost-efficient 2G/3G/4G LTE telecommunications network complemented by long-term national roaming/network sharing agreements with the other three major Polish mobile network operators.