Paul Hastings Advises on NJJ Continental’s High-Yield Bond Offerings and New TLB Facility

Paul Hastings LLP advised a syndicate of initial purchasers led by Goldman Sachs, including BNP Paribas, BofA Securities, Crédit Agricole, J.P. Morgan, Société Générale and UBS AG, in connection with NJJ Continental’s offering of CHF 205 million aggregate principal amount of 2.500% senior secured notes due 2031, which set a record for the lowest European high-yield coupon since January 2022.

Paul Hastings also advised Goldman Sachs in connection with NJJ Continental’s private placement of additional senior secured notes due 2030 and the repricing of a new €855 million term loan facility.

NJJ Continental is the parent company of Salt Mobile SA, one of the three major national integrated telecommunications providers in Switzerland, and Monaco Telecom S.A.M., the primary telecommunications provider in the Principality of Monaco and a telecommunications provider in Malta and Cyprus.

Partners Max Kirchner and Chiraag Patel led the Paul Hastings team, which also included associates Pierfrancesco Benedetti, Marine Tabory, Ben Regan, Natasha Young and Samuel Lewis.

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