L&W advises placement entities on MásMóvil´s senior debt issuance

Latham & Watkins has advised the coordinator and the placement entities on MásMóvil´s issuance of senior guaranteed bonds at 4 per cent, for a value of €720 million and with a maturity date of September 18, 2027

The bonds have been issued for 100 per cent of their nominal value and disbursement is expected to take place on September 30.

The issue has been launched by Lorca Telecom Bondco S.A.U., the vehicle created by KKR, Cinven and Providence funds. The placement entities were Morgan Stanley, Barclays, Crédit Agricole CIB, BNP Paribas, Santander, Mizuho and Deutsche Bank. The bonds will be offered as part of the financing for the acquisition of MásMóvil and its subsidiaries, with the aim of providing cash available for future operations.

Latham & Watkins advised with a multidisciplinary and cross-border team, spread across Spain and Italy, led in Madrid by Finance partner Fernando Colomina (pictured left), Commercial partner Ignacio Pallarés (pictured right) and Tax partner Jordi Domínguez, and including Commercial associates Carmen Esteban and Marino Aineto, Finance associate Pablo Alarcón and Tax associate Blanca Vázquez de Castro, together with trainees Claudia Mencía and Marta Portuondo.

From the firm’s Milan office the team was led by Corporate partner Jeff Lawlis and senior associate Paolo Bernasconi.