Sunrise Communications Prices New EUR 550 Million Senior Secured Notes Due 2032 To Refinance Existing Term Loans
ReutersMay 23, 2025 5:05 AM
May 23 (Reuters) - SUNRISE COMMUNICATIONS AG SUNN.S:
PRICES NEW EUR 550 MILLION SENIOR SECURED NOTES DUE 2032 TO REFINANCE EXISTING TERM LOANS
PROCEEDS FROM NEW BOND WILL BE USED TO FULLY REFINANCE EXISTING EUR TERM LOANS B MATURING IN 2029 INCLUDING ASSOCIATED DERIVATIVES, FEES AND EXPENSES
TRANSACTION EXTENDS SUNRISE'S DEBT MATURITY PROFILE AND FURTHER OPTIMISES WEIGHTED AVERAGE COST OF DEBT AT C. 2.7%
CLOSING OF SALE OF NOTES IS EXPECTED TO OCCUR ON OR ABOUT 28 MAY 2025
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