Salt Mobile's Strategic Financial Move with High-Yield Bond Offering
Deal News | Feb 04, 2025 | Paul Hastings
Paul Hastings LLP provided advisory services to a syndicate of initial purchasers, led by Goldman Sachs International and BofA Securities Europe SA, in the issuance of €420 million in Senior Secured Notes and a Term Loan B3 Facility of €430 million by Matterhorn Telecom S.A., parent of Salt Mobile. This transaction supports Salt Mobile, a major telecom provider in Switzerland, in facilitating strategic fiscal maneuvers. The Paul Hastings team was led by partners and associates who ensured the deal's successful execution, showcasing the firm's dedication to excellence in providing legal solutions to major financial players.
Sectors
- Telecommunications
- Corporate Finance
- Legal Services
Geography
- Switzerland – Salt Mobile, a leading telecommunications provider and the focus of the bond and loan transactions, operates within Switzerland.
- Global – Paul Hastings and the syndicate of financial service companies involved have a global presence and influence, executing deals across international borders.
Industry
- Telecommunications – Salt Mobile is a major telecommunications provider in Switzerland, involved in the issuance of high-yield bonds and new loan facilities to enhance its operational and financial strategies.
- Corporate Finance – The transaction involving the issuance of high-yield bonds and term loan facilities is a significant corporate finance maneuver that will aid Salt Mobile in capital management and expansion plans.
- Legal Services – Paul Hastings provided legal advisory services in the structuring and execution of the bond offering and loan facility.
Financials
- €420 million – Aggregate principal amount of Senior Secured Notes issued.
- €430 million – Aggregate amount of the new Term Loan B3 Facility.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Companies | A top-tier international law firm advising on the financial restructuring of Salt Mobile through its bond offering and loan facilities. |
| Goldman Sachs International | Initial Purchaser | Companies | Lead initial purchaser in the syndicate facilitating the bond offering by Salt Mobile. |
| BofA Securities Europe SA | Initial Purchaser | Companies | Part of the syndicate of financial institutions aiding in Salt Mobile’s capital raising through bond issuance. |
| Matterhorn Telecom S.A. | Parent Company | Companies | The parent company of Salt Mobile which is executing the bond and loan transactions. |
| Salt Mobile S.A. | Target Company | Companies | A leading telecommunications provider in Switzerland, benefiting from bond and loan facilities for financial growth. |