Milbank Advises Salt Mobile on Its Refinancing

Milbank LLP advised Matterhorn Telecom S.A. (the “Company”), the parent company of Salt Mobile SA (“Salt”), on an offering of €420 million aggregate principal amount of senior secured notes due 2030. The deal also consisted of a new seven-year term loan Facility B3 of €430 million, established as an additional facility pursuant to the company’s existing senior facilities agreement.

The proceeds from the financing, together with cash on balance sheet, were used to fully redeem the company’s existing Euro-denominated 4.00% senior secured notes due 2027, prepay the company’s existing term loans, and pay certain fees and expenses in connection with the transactions.

Salt is a leading Swiss telecommunications provider.

The Milbank team was led by Global Leveraged Finance/Capital Markets partner Rebecca Marques and Sarbajeet Nag, associates Kristian Sutt, Pranahita Srinivas, Manel Mostefaoui, Kui To Joshua Mo and trainee solicitor Evelyne Adu-Poku. The team also included New York Tax partner Eschi Rahimi-Laridjani and associate Seth Moreida, and London Tax partner Alan Rafferty and associate Freddy Pilkington.