CHF 687 MILLION (EQUIVALENT) NOTES OFFERING BY SALT WITH GOLDMAN SACHS, CREDIT SUISSE AND SOCIETE GENERALE AS INITIAL PURCHASERS

17. 03. 2017

Salt group, one of the leading mobile operators in Switzerland, issued (i) EUR 525 million aggregate principal amount of Floating Rate Senior Secured Notes due 2023, and (ii) EUR 117 million aggregate principal amount of 4.875% Senior Notes due 2023, through two financing affiliates. The transaction included the consent solicitation for certain amendments to the existing indentures and a tender offer to purchase and solicitation of its outstanding floating rate senior secured notes due 2022.

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