Matterhorn begins roadshow for CHF 2.09 billion equivalent senior secured notes in four tranches

By Abigail W. Adams

Portland, Me., June 4 – Matterhorn Telecom SA began a roadshow on Monday for a CHF 2,085,000,000 billion equivalent offering of senior secured notes in four tranches (expected B2/B+), according to a market source.

The roadshow will run in Europe and the United States until Thursday with pricing expected thereafter.

Credit Suisse is left lead and Goldman Sachs and Société Générale are global coordinators. BNP Paribas, JPMorgan and Natixis are joint bookrunners for the Rule 144A and Regulation S deal.

The offering will consist of a euro-denominated tranche of seven-year notes that are non-callable for one year, a Swiss franc tranche of seven-year notes that are non-callable for three years, a euro tranche of eight-year notes that are non-callable for three years and a dollar tranche of eight-year notes that are non-callable for three years.

Proceeds will be used to refinance the company’s existing notes.

Matterhorn Telecom is a Luxembourg-based subsidiary of Matterhorn Telecom Holding SA, the parent company of mobile network operator Orange Communications SA.

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