Liberty prices loans for Sunrise buy

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By Silas Brown
21 Aug 2020

Liberty Global's subsidiaries have priced two sets of term loan 'B's to support its $7.4bn acquisition of mobile phone company Sunrise, less than a year after the latter’s plans to acquire Liberty’s subsidiary UPC fell through.

Global co-ordinators were Deutsche Bank, BNP Paribas and JP Morgan. Bank of America, Citi, Credit Suisse, Goldman Sachs and Scotia Bank are joint bookrunners. 

Both sets of 2029 loans targeted $1.2bn and $500m, for a total of $3.5bn-equivalent, with a 101 soft call at six months. One, 'TLB1', will ...

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