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 Sunrise’s 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 Sunrise’s 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.
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