Salt’s €100 TLB Repricing and Private Placement Offering

Milbank LLP advised Salt on the transaction.

Salt announced

the repricing of its term loan Facility B and the offering of €100 million aggregate principal amount of its 3.125% Senior Secured Notes due 2026 as additional notes under its existing indenture through a private placement. The additional notes were priced at 101.5% of their aggregate principal amount and the proceeds of the offering were used to prepay a portion of the term loan Facility B.

Salt Group is one of the leading mobile operators in Switzerland.

The Milbank team was led by partners Rebecca Marques (Picture) and Sarbajeet Nag with support from associates Andrew Bechtel, Serguei Chevtchenko and Philipp Engel.

Involved fees earner: Andrew Bechtel – Milbank; Serguei Chevtchenko – Milbank; Philipp Engel – Milbank; Rebecca Marques – Milbank; Sarbajeet Nag – Milbank;

Law Firms: Milbank;

Clients: Salt Group;