Annual Report 2012 - Ono

Financial analysis
Financial information
Financial structure
One of the major achievements of 2012
was the completion of the refinancing
of ONO, resulting in a more mature and
stable capital structure. In October 2010,
ONO began the refinancing process,
which ended in June 2012. By carrying
out various bond issues, ONO has been
able to reduce bank debt and extend
maturities on its debt.
These transactions demonstrate the
confidence that investors have in the
Company, thanks, among other factors, to
the solid operating and financial results
reported, the return to revenue growth
and the solid cash generation profile.
This new capital structure means that
ONO is entering a new stage, with more
flexibility and stability, completing the
refinancing processes begun some two
years ago.
Grupo Corportivo
ONO, S.A. (“GCO”)
100%
ONO in 2012
Who is ONO?
What does ONO do?
ONO’s
Responsability
Financial analysis
Products and
Services
1. Fixed services
2. Mobile services
Financial information
Management and
Control of risks
Corporate
Governance Report
The Figures
2018 Senior
Secured Notes
ONOMidco
Senior
guarantee
Annexes
Contact
Information
Nara Cable
Funding II Ltd
100%
Senior
subordinated
guarantee
Subordinated Notes
due 2019
Nara Cable
Funding II Ltd
SPV Tranches
Senior Bank
Facility
Cableuropa
(Operating Company)
Notes Proceeds
Loans
ONO Finance Plc II
2020 Senior
Secured Notes
Print
Report
The Figures
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