Pestalozzi advises Credit Suisse and the other initial purchasers on the CHF 2 billion notes refinancing of Salt (formerly: Orange)
The two parent companies of Salt (formerly: Orange Communications SA) Matterhorn Telecom S.A. and Matterhorn Telecom Holding S.A. issued CHF 2 billion (equivalent) aggregate principal amount of senior secured notes due 2022 and senior notes due 2023 to redeem in full all existing notes and make a distribution to the group's shareholders. Credit Suisse Securities (Europe) acted as coordinator and as joint bookrunner together with J.P. Morgan, BNP Paribas, Goldman Sachs International, Société Générale and Natixis. Pestalozzi advised the initial purchasers on all Swiss law aspects of the transaction.