Linklaters and King & Spalding advised on Helios Towers’ US$500 million senior notes offering.
Helios Towers plc, a leading independent telecommunications tower infrastructure company focused on Africa and the Middle East, has completed an offering of US$500 million 6.750% senior notes due 2031 through its wholly owned subsidiary, HTA Group, Ltd. This landmark offering represented the first EM HY corporate transaction since the beginning of the Iran war.
The notes are guaranteed by Helios Towers plc and certain of its subsidiaries and are listed on the London Stock Exchange. The proceeds from the offering will be used to refinance certain existing indebtedness and for general corporate purposes.
Linklaters advised Helios Towers plc on the transaction.
The Linklaters team was led by Global Head of US Capital Markets Pam Shores and Leveraged Finance Partner Christianne Williams, supported by Associates Cassandra Dula and Juan Diego Tibaduiza.
King & Spalding advised the Initial Purchasers, comprising BofA Securities, J.P. Morgan, Standard Bank, Standard Chartered Bank, Absa, Rand Merchant Bank, Deutsche Bank and Jefferies.
Capital Markets Partner Peter Schwartz and Senior Associate Riccardo Maggi Novaretti led the transaction, which also included Savannah Padgett and Erdem Evranos.
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