LevFin Wrap - Roaming the Spectrum


Market Wrap

LevFin Wrap - Roaming the Spectrum

Huw Simpson's avatar
Laura Thompson's avatar
  1. Huw Simpson
  2. +Laura Thompson

Telecoms companies have historically supplied a significant proportion of the European High Yield market. Aside from regular refinancing transactions, new debt fueled LBOs, take-privates and acquisitions made Communication Services a bumper sector for new issuance in 2021, a trend that’s continuing into 2022. 

High Yield Primary

High Yield markets closed out 2021 with the bond leg of T-Mobile Netherlands’ LBO, and have now reopened with Dutch rival VodafoneZiggo’s (VFZ) refi transaction. Launching €2.1bn (equiv.) in sustainability-linked Senior Secured Notes due 2032 (B1/B+/BB), the deal marks the first SLB in the European HY telecoms sector. 

Read all our public content for free

We won't spam. You can unsubscribe at any time.

What are you waiting for?

Try it out
  • We're trusted by 9 of the top 10 Investment Banks

Cookies & Privacy

We would like to use cookies to improve our service. Is that ok?