Zürcher Kantonalbank arranges CHF 1.2bn refinancing for Swisscom: the advisor

Niederer Kraft Frey advised Zürcher Kantonalbank, acting as agent and arranger, and the banking syndicate, on the refinancing of Swisscom AG’s existing syndicated CHF 1 billion credit facility with a CHF 1.2 billion syndicated credit facility. The credit facility agreement is one of the first Swiss financing transactions that provides for a rate switch mechanism regarding the change of the base rate used for the calculation of interest from CHF LIBOR to a risk-free base rate (SARON). Swisscom, listed on SIX Swiss Exchange, is Switzerland’s largest telecommunications provider with group-wide revenues of over CHF 11 billion in 2020 and a headcount of more than 19,000 employees.

The team was led by M&A/Finance partners Till Spillmann (pictured) and Adrian Koller, working with junior associate Selim Lötscher (M&A/Finance).

Zürcher Kantonalbank arranges CHF 1.2bn refinancing for Swisscom: the advisor

FabioAdmin

Legalcommunity.ch

Launched in 2020 by LC Publishing Group, it is the first digital portal addressed to the Swiss legal market.
In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointments and providing insights, analytical data and opinions on the professions’ main trends and topics (Ai, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram