Advestra advises Salt Mobile on debt instruments issuance
Zurich-based firm Advestra advised Swiss telecommunications provider Salt Mobile through successful issue of two distinct debt instruments.
The instruments
Out of the two instruments, one issuance relates to a EUR 420 million aggregate of senior secured notes due 2030, with a 4500% coupon. The second is a new term loan facility worth EUR 430 million.
Matterhorn Telecom, Salt Mobile’s parent company, issued both the high-yield notes and the facility, guaranteeing on them together with Salt Mobile itself.
The company
Formerly known as Orange, Salt Mobile’s activities span the sectors mobile telephony and fiber-optic fixed-line telephony services. The company is headquartered in Renens, Canton Vaud.
The team
Partner Sandro Fehlmann (pictured) led the Advestra team on the matter, working alongside associates Jan-Nicklas Bentz and Fabian Loretan (all capital markets and finance) as well as tax partner Céline Martin.
