Mobile operator Salt Group’s €400 million Senior Secured Notes offering

Salt Group, one of the leading mobile operators in Switzerland, issued EUR 400 million aggregate principal amount of 4.00% Senior Secured Notes due 2027.

The proceeds from the offering, together with cash on balance sheet, were used to redeem part of the Floating Rate Senior Secured Notes due 2023 issued by the Salt Group.

Pestalozzi advised the initial purchasers, led by Credit Suisse and including Goldman Sachs and Société Générale, as to Swiss law.

The Pestalozzi team included Severin Roelli (Lead partner, in picture), Beat Schwarz (Partner – Capital Markets), Ludivine Boisard (Partner – Financial Services), Nils Harbeke (Partner – Tax), Nikolaus Thaddaeus Paumgartner (Associate – Capital Markets), Jonas Sigrist (Associate – Tax).

Involved fees earner: Severin Roelli – Pestalozzi; Beat Schwarz – Pestalozzi; Nikolaus Thaddaeus Paumgartner – Pestalozzi; Ludivine Boisard – Pestalozzi; Nils Harbeke – Pestalozzi; Jonas Sigrist – Pestalozzi;

Law Firms: Pestalozzi;

Clients: Salt Group;