L&W advises MásMóvil buyers on €2bn bonds issuance

Latham & Watkins has assisted the Grupo MásMóvil initial buyers with Lorca Telecom Bondco and Kaixo Bondco Telecom senior bonds offering, totalling more than €2 billion

Latham & Watkins has provided legal advice to the initial purchasers of Grupo MásMóvil in connection with the offerings by Lorca Telecom Bondco, S.A.U. of €1.5 billion of 4% senior secured bonds due 2027 and Kaixo Bondco Telecom, S.A.U. of €500 million of 5⅛% senior bonds for qualified investors due 2029. Both issuers are part of Grupo Másmóvil, Spain’s fourth-largest telecommunications operator, controlled by funds managed by Cinven, Providence and K.K.R.

The proceeds of the note offerings were used to refinance a portion of the bridge financing used by the MásMóvil Group for the acquisition of Euskaltel, S.A. and its subsidiaries, which closed on 10 August 2021 and to pay transaction-related fees and expenses.

Deutsche Bank, Barclays, BNP Paribas, Goldman Sachs and Banco Santander acted as Joint Global Coordinators and Joint Bookrunners, and Banco Sabadell, BBVA, BofA Securities, Crédit Agricole C.I.B., Mizuho Securities and Morgan Stanley as Joint Bookrunners.

The Latham & Watkins´ team was led in Madrid by Corporate partner Ignacio Pallarés (pictured left) and Finance partner Fernando Colomina (pictured centre), together with associates Carmen Esteban, Marino Aineto, Pablo Alarcón and Leticia Sitges. In Tax matters, partner Jordi Domínguez (pictured right) advised together with associate Blanca Vázquez de Castro.

In addition, there has been a high level of international participation with Milan partner Jeff Lawlis and associates Paolo Bernasconi and Michele Vangelisti, and London associate Kaan Ulgen; in U.S. Tax matters, New York partner Jocelyn Noll with associate Ron Moore; in U.K. Tax matters, London partner Karl Mah and associate Aoife McCabe; and in general Financial matters, London partner Mohamed Nurmohamed with counsel Anand Karia and associates Harry Lee and Theon Chalken.

L&W advises MásMóvil buyers on €2bn bonds issuance

Desire Vidal

iberianlawyer.com

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram