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; ));))