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Published on 10/18/2017 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Wind calls $5.25 billion, €5.35 billion notes for redemption

New York, Oct. 18 – Wind Telecomunicazione SpA’s Wind Acquisition Finance SA called for redemption notes totaling $5.25 billion and €5.35 billion.

The company will redeem the following notes:

• $1.9 billion of 4¾% senior secured notes due 2020 on Nov. 3 at a price of 101.188% of par;

• €2,475,000,000 of 4% senior secured notes due 2020 on Nov. 3 at a price of 101% of par;

• €575 million of floating-rate senior secured notes due 2020 on Nov. 3 at a price of par;

• €400 million of floating-rate senior secured notes due 2020 on Nov. 3 at a price of par;

• €150 million of floating-rate senior secured notes due 2019 on Nov. 17 at a price of par;

• $550 million of 6½% senior secured notes due 2020 on Nov. 17 at a price of 103.25% of par;

• €1.75 billion of 7% senior notes due 2021 on Nov. 17 at a price of 103.5% of par; and

• $2.8 billion of 7 3/8% senior notes due 2021 on Nov. 17 at a price of 103.688% of par.

In each case, holders will also receive accrued interest.

The redemptions are all subject to the issuer receiving sufficient cash from loans with Wind Tre SpA to provide funding.

Wind Telecomunicazioni is a Rome-based wireless, fixed-line telecom and internet provider.


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