Milbank LLP advised Matterhorn Telecom S.A. (the “Company”), the parent company of Salt Mobile SA (“Salt”), on an offering of CHF 100 million aggregate principal amount of senior secured notes due 2028 (the “Notes”). The Notes were priced at 100% of their aggregate principal amount and with a coupon of 5.250% per annum (the “Offering”).
The proceeds from the Offering, together with cash on balance sheet, will be used to (i) redeem in part the €246.5 million aggregate principal amount of 2.625% senior secured notes due 2024 issued by the Company on September 19, 2019, and (ii) pay certain fees and expenses relating to the Offering.
Salt is a leading Swiss telecommunications provider.
The Milbank team was led by European Leveraged Finance/Capital Markets partner Rebecca Marques, associates Melanie Probst, Kristian Sutt and Manel Mostefaoui. The team also included London associate Abbey Dalgleish, New York Tax partner Eschi Rahimi-Laridjani and associates David Hanno and Elaine Lee.
