Sunrise Communications AG Secures EUR 385 Million Senior Secured Notes Add-On and USD 650 Million Term Loan Facility to Extend Debt Maturities

Reuters
2025/10/03
<a href="https://laohu8.com/S/SNRE">Sunrise Communications AG</a> Secures EUR 385 Million Senior Secured Notes Add-On and USD 650 Million Term Loan Facility to Extend Debt Maturities

**Sunrise Communications AG Secures New Financing to Extend Debt Maturities** Sunrise Communications AG has announced the successful negotiation of new financing arrangements, including a private placement add-on of EUR 385 million in 4.625% Senior Secured Notes due 2032 and an additional USD 650 million term loan facility. The proceeds from these transactions will be used to fully refinance Sunrise's existing USD Term Loan B due 2028 and to redeem a significant portion of its USD 5.5% Senior Notes due 2028, covering related derivative terminations and transaction costs. The refinancing will extend Sunrise's debt maturity profile, with 83% of its debt now maturing in 2031 or later, and 59% due in 2032. The new notes, issued through Sunrise Finco I B.V., will be sold to non-U.S. investors and are expected to be fully fungible with existing notes after a 40-day compliance period. The additional term loan, under Facility AAA1, is expected to close on October 8, 2025, and mature on February 15, 2032. These transactions are leverage-neutral and aim to provide Sunrise with a longer-term, more flexible capital structure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunrise Communications AG published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-228271), on October 02, 2025, and is solely responsible for the information contained therein.

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