Ropes & Gray Advises Sunrise Communications on $1.3 Billion Refinancing | News & Events | Ropes & Gray LLP
Summary
Ropes & Gray has advised Swiss telecommunications provider Sunrise Communications AG (Sunrise) on a new issuance by Sunrise Financing Partnership of $1,300 million of Term Loan B debt due 2032. This is Sunrises first financing transaction following the completion of its spin-off from Liberty Global Ltd. in November 2024.Proceeds from the new loan will be used to refinance its existing USD Term Loan B debt maturing in 2029 and partially refinance its existing EUR Term Loan B due 2029 including associated fees.The new loan is structured as a sustainability linked loan, directly linked to Sunrises sustainability-related company goals and strategy.The Ropes & Gray team was led by finance partner Alex Robb with support from associates Chad Parkinson and Edward Olsen, and trainee Fizaa Ahmed.