Orange Switzerland parent company Matterhorn Mobile plans to offer €155m euro-denominated senior unsecured notes due 2020 in a private placement.
The proceeds from the offering will be used to repay share premiums to Matterhorn’s shareholders,…
Orange Switzerland parent company Matterhorn Mobile plans to offer €155m euro-denominated senior unsecured notes due 2020 in a private placement.
The proceeds from the offering will be used to repay share premiums to Matterhorn’s shareholders, Matterhorn said
Moody’s has rated the proposed issuance Caa1.
The joint global coordinators and bookrunning managers were Credit Suisse and Deutsche Bank. UBS was a bookrunning manager and Citigroup, JP Morgan and Morgan Stanley were joint bookrunners.
No other financing details were released.
Earlier in the month Matterhorn issued CHF180m (€150m) in floating rate notes due 2019 to refinance existing debt.
In a recent presentation Orange Switzerland said it had total financial debts of CHF1.2bn (€999m) at the end of H1.
Orange Switzerland was acquired by private equity firm Apax Partners for CHF1.83bn (€1.5bn) in a deal that completed at the end of February.
