Helios Towers Africa Completes Debut $600 Million Bond Issue
March 10, 2017
London – Paul Hastings LLP, a leading global law firm, announced today that it has represented Bank of America Merrill Lynch, Standard Bank, and Standard Chartered Bank as initial purchasers of $600 million of senior notes, and Bank of America Merrill Lynch and Standard Bank as coordinators and, with Standard Chartered Bank, as mandated lead arrangers on a $60 million revolving credit facility for Helios Towers Africa. Helios Towers Africa is an independent telecoms tower operator in Democratic Republic of the Congo, Republic of the Congo, Ghana, and Tanzania, and this is their first high yield bond transaction and the first for an issuer with assets in certain of these jurisdictions.
The Paul Hastings team in London was led by partners Peter Schwartz and Luke McDougall, with associates Edward Holmes, Corey Blake, Eve Breda, Bouchra Haji, Alon Blitz, John Lambillion, and Joanne Mak.
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