Franklin advised Numericable-SFR on raising $5.2 billion in the largest single high-yield bond issuance. The deal attracted strong demand, prompting the group to considerably upsize its amount from the initially expected $2.25 billion. The telecoms operator used the proceeds to repay existing debt maturing in 2019 and drawings under its revolving credit facility.
Numericable-SFR was advised by Franklin, with partner Kai Völpel, associates Viktoriya Bukina, Paloma Champilou et Romain Picard handling corporate matters and partners Yann Colin and Jérôme Michel handling regulatory matters
Numericable-SFR was also advised by Ropes & Gray (London) with partners Michael Kazakevich and Benoit Lavigne, Nabarro & Hinge with partner Jonathan Nabarro, and Sarah Sadeg, Luther S.A. and Mayer Brown with partner Arnaud Pérès and Pierre-Guillaume Sagnol and Arnaud Mouton handling on securities law issues.
