King & Spalding Advises Global Switch on €1 Billion Bond Issuance

LONDON, June 1, 2017 – King & Spalding is representing Global Switch Holdings Limited on its €1 billion bond issuance, the third significant transaction the firm has worked on involving the company in the past six months.

The €1 billion is being raised by Global Switch in order to finance new developments and to refinance existing debt, thereby further strengthening its capital structure. More details about the bond can be found here. King & Spalding is also advising Global Switch on its tender offer to the holders of its €600 million 5.50 per cent. Guaranteed Notes due 2018. More details can be found here.

The King & Spalding team advising Global Switch on the offering is led by corporate partner William Charnley and corporate counsel Marcus Young, working alongside corporate partner Markus Bauman, finance partner Elisabeth Baltay and senior finance lawyer Emily Pittman, all based in London.

The bond represents the third significant Global Switch-related matter King & Spalding has advised on during the past six months. In December 2016, Charnley and Young led the advice to Global Switch owners Aldersgate Investments on a £2.4 billion strategic investment in the company by Chinese investors and, in February 2017, Pittman acted for Global Switch on the successful closure of a new £425 million revolving credit facility.

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