Matterhorn plans CHF 686 million of senior, senior secured notes

New York, March 3 – Matterhorn Telecom Holding SA and Matterhorn Telecom SA plan to offer CHF 686 million equivalent of new senior notes and senior secured notes to fund a shareholder distribution, a consent solicitation and a tender offer.

The new financing will include fixed-rate senior secured notes at the Matterhorn Telecom SA level and new senior notes at the holding company level along with new floating-rate notes.

Of the total, CHF 200 million will be senior notes.

Proceeds will be used to fund a distribution to indirect shareholder NJJ, a consent solicitation for three series of existing notes to allow the distribution and new financing and a tender offer for Matterhorn Telecom SA’s €265 million of floating-rate senior secured notes due 2022.

Cash from the balance sheet will also be used to make the shareholder distribution.

Further details were not immediately available.

The consent solicitation ends on March 9.

Under the terms of the solicitation, the new financing must be completed by Aug. 11.

Goldman Sachs International, Credit Suisse Securities (Europe) Ltd. and Societe Generale are dealer managers for the solicitation.

Matterhorn is a wireless telecommunications company based in Renens, Switzerland.

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