White & Case LLP has advised a consortium of banks on the amendment and extension of a Senior Facilities Agreement relating to the refinancing of Sunrise Communications Group AG.
BNP Paribas Fortis S.A./N.V, Deutsche Bank AG, DNB Markets, as part of DNB Bank ASA, and UniCredit AG acted as mandated lead arrangers and bookrunners. BNP Paribas Fortis S.A./N.V and Deutsche Bank AG also acted as coordinators. As part of the amendment and extension process, the existing Senior Facilities Agreement, which is comprised of a CHF200 million revolving credit facility and a CHF910 million term loan facility, was amended and restated and the term loan facility was increased to CHF1.41 billion.
The proceeds of the increased term loan facility were used to redeem and discharge the outstanding CHF500 million 2.125% senior secured notes maturing in 2022, and for general corporate purposes.
The White & Case team in Frankfurt which advised on the transaction was led by partner Vanessa Schürmann (Picture) and included local partner Florian Ziegler and associates Daniel Hobbs and Daniel Rogits.
Law Firms: White & Case;