June 10, 2024

Milbank Advises Salt Mobile on Its CHF 100M Private Placement of Senior Secured Notes

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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 its 5.250% senior secured notes due 2028 as additional notes under its existing indenture through a private placement (the “Private Placement”).

The proceeds from the Private Placement will be used to (i) refinance a portion of the Company’s existing indebtedness on or prior to its maturity, and (ii) pay certain fees and expenses relating to the Private Placement.

Salt is a leading Swiss telecommunications provider.

The Milbank team was led by Corporate Finance and Securities partner Rebecca Marques and associates Kristian Sutt and Manel Mostefaoui. The team also included London Tax partner Alan Rafferty and associate Freddy Pilkington.