Orange Switzerland starts roadshow for CHF 550 million equivalent dual tranche note offering

By Paul A. Harris

Portland, Ore., Jan. 31 - Orange Switzerland began a roadshow on Tuesday for a CHF 550 million equivalent two-part offering of notes, coming in Swiss francs and euros.

Matterhorn Mobile SA, a special purpose vehicle, plans to issue CHF 325 million senior secured notes due May 2019. Those notes come with three years of call protection.

Matterhorn Mobile Holdings SA, another special purpose vehicle, plans to issue CHF 225 million equivalent of euro-denominated senior unsecured notes due February 2020. Those notes come with four years of call protection.

The deal is set to price during the Feb. 6 week.

Global coordinator and joint bookrunner Credit Suisse will bill and deliver. Deutsche Bank AG is also a global coordinator and joint bookrunner.

Citigroup, JPMorgan, Morgan Stanley and UBS are also joint bookrunners.

Proceeds from the Rule 144A and Regulation S for life notes will be used to help fund the €1.6 billion leveraged buyout of Orange Switzerland by Apax Partners from France Telecom.

Orange Switzerland is an Arcueil, France-based wireless telecommunications company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.