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Matterhorn calls seven series of CHF-, euro-denominated notes
By Marisa Wong
Madison, Wis., April 13 – Matterhorn Mobile SA, Matterhorn Mobile Holdings SA, Matterhorn Financing & Cy SCA and Matterhorn Midco & Cy SCA issued notices of conditional redemption for seven series of notes.
Matterhorn Mobile plans to redeem in full its outstanding CHF 120 million floating-rate senior secured notes due 2019, CHF 450 million 6¾% senior secured notes due 2019, €150 million floating-rate senior secured notes due 2019 and €180 million additional floating-rate senior secured notes due 2019.
Matterhorn Mobile Holdings plans to redeem in full its €225 million 8¼% senior notes due 2020.
Matterhorn Financing plans to redeem in full its €250 million 9%/9¾% senior PIK toggle notes due 2019.
Matterhorn Midco plans to redeem in full its €155 million 7¾% senior notes due 2020.
All seven series of notes will be redeemed on April 23, and the record date will be April 22.
Matterhorn Mobile’s CHF floaters will be redeemed at par plus accrued interest of CHF 8.07 per CHF 1,000 of notes. Its 6¾% notes will be redeemed at 105.063 plus accrued interest of CHF 12.75 per CHF 1,000 of notes. Its euro floaters will be redeemed at par plus accrued interest of €9.57 per CHF 1,000 of notes.
Matterhorn Mobile Holdings’ 8¼% notes will be redeemed at par plus an applicable premium, along with accrued interest of €15.58 per €1,000 of notes.
Matterhorn Midco’s 7¾% notes will be redeemed at par plus an applicable premium, along with accrued interest of €34.01 per €1,000 of notes.
Matterhorn Financing’s 9%/9¾% notes will be redeemed at 102 plus accrued interest of €2 per €1,000 of notes.
The redemptions are conditioned on the issuer receiving necessary funds to redeem the notes by the redemption date.
Deutsche Bank AG, London Branch is the agent.
Matterhorn Mobile is a Renens, Switzerland-based mobile network operator.
© 2015 Prospect News.
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