IFLR1000

Sunrise SFr4.1 billion rights offering

29/9/2019
Rights issue
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SFr 4.1 billion

$ 4.129 billion

Completed

29/9/2019

Overview:

  • In the beginning of 2019, Swiss telecoms company Sunrise communications announced plans of rights issue worth SFr4.1 billion.
  • In September 2019, the value of rights issue was cut to SFr2.8 billion.
  • Sunrise will use the rights issue to finance its acquisition of UPC from Liberty Global.

Rajeeb Gurung - Researcher 

Jurisdiction:

Switzerland

Deal type:

Rights issue

Practice area:

Capital markets : Equity

Industry sector:

Technology and telecommunications

Firms:
Latham & Watkins

Party: Sunrise Communications Group (Issuer)

Lenz & Staehelin

Party: Sunrise Communications Group (Issuer)

Lawyer: Patrick Schleiffer

Linklaters

Party: Deutsche Bank (Joint global coordinator)

Party: UBS (Joint global coordinator)

Niederer Kraft Frey

Party: Deutsche Bank (Joint global coordinator)

Party: UBS (Joint global coordinator)

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