First Pay: 2025-12-15; Redemption: 2027-10-15; Registration: Reg S Only; Comments: CoC: 101%. GSC (B&D);
Use of Proceeds
Along with EUR180m fungible add-on to its sr sec term loan, and a new EUR286m sub shareholder loan, and a nw EUR26m sub vendor loan, and the rollover EUR317m net debt of Monaco Telecom Group to finance the acquisition of an approximately 45% indirect stake in Monaco Telecom Group for EUR625m (EUR311m upfron cash payment and the shareholder and vendor loans) (the government of Monaco will continue to own the remaining shares of Monaco Teleocom), and to refinance its EUR360m 3.125% sr sec notes due 09/15/26