Commentary & Deal Flow

Sunrise FinCo I BV (SUNN) EUR550m 144A/Reg S sr sec notes due 2032 (7y). NC3 (50%,25%,par). Expect B1/BB-/BB+ (positive/stable/positive). Via JPM (B&D)/Citi jt physical books/BofA/BNP/MS/UBS jt books. No reg rights. List ISE. NY law. IPT 5% area.

Price talk: 4.75% area.

Did investor call at 10am UKT 05/23. Books close at 3:30pm UKT 05/21. Pricing 05/21 UK afternoon. UOP: Refinance in full the existing EUR Term Loans AU & AY and in part the existing USD Term Loan AT. Biz: a sub of Sunrise Communications AG, a leading provider of video, broadband internet, fixed line telephony and mobile communications services to residential customers and businesses in Switzerland. HQ: Opfikon, Switzerland.