Sunrise Communications Prices New EUR 550 Million Senior Secured Notes Due 2032 To Refinance Existing Term Loans

Reuters
05-23
May 23 (Reuters) - SUNRISE COMMUNICATIONS AG ::
*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
*Further company coverage: SUNN.S
* (Gdansk Newsroom)
* ((((gdansk.newsroom@thomsonreuters.com ; +48 587785269; ));))

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 23-MAY-202505:00:40.083 GMT

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