Paul Hastings Advises on Salt Mobile's Strategic Financial Moves
Deal News | Feb 04, 2025 | Paul Hasting
Paul Hastings LLP has successfully advised a team of initial purchasers led by Goldman Sachs International and BofA Securities Europe SA in a pivotal financial move by Salt Mobile. Matterhorn Telecom S.A., Salt Mobile's parent company, completed a significant transaction involving a 420 million EUR aggregate principal amount of 4.500% Senior Secured Notes due in 2030, alongside a 430 million EUR new Term Loan B3 Facility. This move reinforces Salt Mobile's position in the Swiss telecommunications market and reflects a strategic investment move backed by major financial institutions including BNP Paribas, Crdit Agricole, J.P. Morgan, Socit Gnrale, and UBS AG. Paul Hastings' advising team was led by partners Max Kirchner, Chiraag Patel, Katja Kaulamo, and Jemma Lohr McPherson, showcasing its commitment to providing leading-edge legal and financial consultancy to globally significant investment entities.
Sectors
- Telecommunications
- Legal Services
- Financial Services
Geography
- Switzerland – Salt Mobile is a major telecommunications provider in Switzerland.
- International – Paul Hastings operates globally, and the financial institutions involved are international entities.
Industry
- Telecommunications – Salt Mobile is one of the key integrated telecommunications providers in Switzerland.
- Legal Services – Paul Hastings LLP provided legal advice on the financial transaction for Salt Mobile.
- Financial Services – The involvement of major banks such as Goldman Sachs and BofA underscores the financial services sector.
Financials
- 420 million EUR – Aggregate principal amount of 4.500% Senior Secured Notes due 2030.
- 430 million EUR – Amount of the new Term Loan B3 Facility.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Salt Mobile S.A. | Target | Company | Salt Mobile is a national telecommunications provider in Switzerland. |
| Paul Hastings LLP | Legal Advisor | Company | A global law firm advising on the transaction. |
| Matterhorn Telecom S.A. | Parent Company | Company | The parent company of Salt Mobile S.A. |
| Goldman Sachs International | Lead Initial Purchaser | Company | Part of the syndicate of initial purchasers for the offering. |
| BofA Securities Europe SA | Lead Initial Purchaser | Company | Part of the syndicate of initial purchasers for the offering. |
| BNP Paribas | Initial Purchaser | Company | Part of the syndicate of initial purchasers. |
| Crdit Agricole | Initial Purchaser | Company | Part of the syndicate of initial purchasers. |
| J.P. Morgan | Initial Purchaser | Company | Part of the syndicate of initial purchasers. |
| Socit Gnrale | Initial Purchaser | Company | Part of the syndicate of initial purchasers. |
| UBS AG | Initial Purchaser | Company | Part of the syndicate of initial purchasers. |