ABN Amro, Royal Bank of Scotland and HVB Group, together with GE Capital, have arranged a €375m ($431m) debt package to partly finance the €510m buy-out of TeleColumbus, the German cable operator, by private equity firm BC Partners.

The financing package includes €315m of senior debt, comprising a €170m tranche and a €100m tranche as well as a €45m revolving credit facility. The three banks and GE Capital, the financing arm of General Electric, also arranged a €60m mezzanine debt tranche.