Paul Hastings Advised Arrangers, Lenders, and Dealer Managers on $720 Million Refinancing of Helios Towers’ Existing Debt Facilities and Concurrent Cash Tender Offer

October 23, 2023

Paul Hastings (Europe) LLP advised the arrangers and lenders in connection with the up to $600 million term loan facilities and up to $120 million revolving credit facility to refinance the existing debt facilities of Helios Towers (“New Facilities”). The arrangers and lenders were The Standard Bank of South Africa, J.P. Morgan, Standard Chartered Bank, The Mauritius Commercial Bank, FirstRand Bank, and ABSA Bank.

Concurrently with the New Facilities, Paul Hastings also represented the dealer managers in connection with the tender offer for a portion of Helios Towers’ $975 million 7.00% Senior Notes. A portion of the proceeds from the New Facilities were used to fund the US$325 million cash tender offer. The dealer managers were The Standard Bank of South Africa, J.P. Morgan, Standard Chartered Bank.

Helios Towers is a leading independent telecommunications infrastructure company, having established one of the most extensive tower portfolios across Africa and the Middle East. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.

Global Finance partners Peter Schwartz, Luke McDougall, and Ed Holmes led the Paul Hastings team, which also included associates Andrew Lowndes, Andro Atlaga, Krishan Chauhan, Valmir Merkaj, and Rebecca Bunyan.

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 With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment, and real estate, Paul Hastings is a premier law firm providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers, and corporations.

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