Salt announces the successful syndication of a new €25 million term loan facility
March 11, 2025
Matterhorn Telecom S.A. (the “Borrower”) announced today the successful syndication of a new €25 million term loan facility availed by the Borrower as an additional facility under its existing senior facilities agreement. The new facility will have substantially the same terms as, and will be fungible with, the Borrower’s existing term loan facility (including with respect to the applicable margin). The proceeds from the drawing under the new facility are intended to be used for general corporate purposes (including repayment of ‘mark to market’ amounts in relation to a hedge portfolio restructuring).
Matterhorn Telecom S.A. Announces Pricing of Senior Secured Notes Offering and Allocation of New Senior Facilities
January 17, 2025
Matterhorn Telecom S.A. (the “Company”) announces the pricing of an offering of €420.0 million aggregate principal amount of Senior Secured Notes due 2030 (the “Notes”) on January 16, 2025 (the “Offering”). The Notes were priced at 100% of their aggregate principal amount and the coupon will be 4.50% per annum. In addition, the Company today announces the allocation of a new 7 year term loan Facility B3 of €430.0 million (the “Facility B3”), established as an additional facility pursuant to the Company’s existing senior facilities agreement. The new facility will be priced at par and an opening margin of 2.75% per annum. The Facility B3 and the Notes are referred to herein as the “Financing”.
Matterhorn Telecom S.A. announces the launch of Facility B3 syndication
January 13, 2025
Matterhorn Telecom S.A. (the “Company”) today announces the launch of Facility B3 (as defined below) raising up to a minimum of €350.0 million of new secured debt under their existing senior facilities agreement (the “SFA”) providing for a new 7 year term loan Facility B3 (“Facility B3”). Together with issuance of other senior secured debt, the proceeds will be used to redeem the Company’s existing Senior Secured Notes due 2027 and partially repay commitments under the Term Loan B due 2026, and pay related transaction costs, fees and expenses. Furthermore, on January 6, 2025, the Company made a CHF 160.0 million distribution to its shareholder. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offer, solicitation or sale is unlawful.
Matterhorn Telecom S.A. Announces the Pricing of a Private Placement of its CHF-Denominated Senior Secured Notes
May 22, 2024
Matterhorn Telecom S.A. (the “Company”) has today entered into a private placement (“Private Placement”) pursuant to which it intends to issue CHF 100,000,000 in aggregate principal amount of Senior Secured Notes due 2028 (the “Notes”), which have the same terms as its existing CHF-denominated senior secured notes. The Private Placement is expected to close on or about June 3, 2024, and is subject to customary closing conditions. The proceeds from the Private Placement, will be used to (i) refinance a portion of its existing indebtedness on or prior to its maturity, and (ii) pay certain fees and expenses relating to the Private Placement.
Salt announces the successful syndication of a new €150 million term loan facility
January 26, 2024
Salt announced today the successful syndication of a new €150 million term loan facility availed by Matterhorn Telecom S.A. (“Borrower”) as an incremental facility under its existing senior facilities agreement. The new facility will be priced at an OID of 99.5, and have substantially the same terms as, and will be fungible with, the Borrower’s existing term loan facility (including with respect to the applicable margin). The proceeds from the drawing under the new facility are intended to be used to partially refinance the existing 2.625% Senior Secured Notes due September 15, 2024, at or prior to maturity.