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Niederer Kraft & Frey advises Deutsche Bank as Sole Global Coordinator and Bookrunner and the...

August 2012

other Initial Purchasers in the CHF 896m (equivalent) notes issued by Sunrise Communications International S.A., Luxembourg and the Arrangers and Lenders regarding a CHF 250m revolving facility agreement for Sunrise Communications AG

On 19 July 2012, Sunrise, a leading Swiss telecommunication operator, partially refinanced its debt by Sunrise Communications International S.A. successfully placing a CHF 896m (equivalent) aggregate principal amount of fixed rate and floating rate senior secured notes due 2017 in the market and Sunrise Communications AG securing itself a new CHF 250m revolving credit facility. Both financings are guaranteed and secured by certain Sunrise group entities.

Niederer Kraft & Frey acted as Swiss counsel to Deutsche Bank as Sole Global Coordinator and Bookrunner and the Initial Purchasers comprising Deutsche Bank AG, London Branch, BNP Paribas, UBS Limited, ING Bank N.V., London Branch, Société Générale, UniCredit Bank AG, BANCA IMI S.p.A. and DNB Markets, part of DNB Bank ASA and the arrangers and lenders under the revolving credit facility agreement.

The NKF team was led by Philippe Weber and further comprised Marco Häusermann (Partner), Philipp Candreia (Senior Associate) and Arie Gerszt (Associate) as well as tax partner Markus Kronauer and Hansjürg Christoffel (Senior Associate tax).


For more information please visit www.nkf.ch

 

 

Legal Developments by:
Niederer Kraft Frey AG

  • GrenzĂĽberschreitende Finanzdienstleistungen

    Der Finanzbereich ist auch in der Schweiz einer der am stärksten regulierten Wirtschaftzweige. Sich darin zurechtzufinden ist nicht immer einfach. Nachfolgende Ausführungen sollen dazu einen Einstieg vermitteln. Sie zeigen, dass die Schweiz im Gegensatz zum Ausland und abgesehen vom Bereich der kollektiven Kapitalanlagen und der Versicherungsprodukte, was die Zulässigkeit von grenzüberschreitend angebotenen Finanzdienstleistungen anbelangt, ein sehr liberales Regime kennt.
    - Niederer Kraft & Frey

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