At March 31, 2025, our blended fully-swapped debt borrowing cost was 3.8% (December 31, 2024: 3.8%) and the average tenor of our third-party debt was approximately 3.7 years (December 31, 2024: 3.6 years) with no debt repayments, excluding shorter-term liabilities under our vendor financing and trade receivables securitization programs, prior to March 2028.
In February 2025, we entered into a €500.0 million sustainability-linked term loan facility priced at EURIBOR + 3.0%. The proceeds were used to prepay €500.0 million of the €890.0 million outstanding principal amount under Telenet Facility AT1.
At March 31, 2025, we had access to total liquidity of €1,650.9 million, consisting of €1,035.9 million cash and cash equivalents and €615.0 million of undrawn commitments under revolving credit facilities.
For additional information, we refer to our Q1 2025 Investor & Analyst Toolkit.