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On January 30, 2025, Matterhorn Telecom S.A., the parent company of Salt Mobile SA, issued EUR 420 m 4.500% Senior Secured Notes due 2030 guaranteed by Matterhorn Telecom Holding S.A. and Salt Mobile SA. Homburger acted as Swiss counsel to a syndicate of initial purchasers led by Goldman Sachs International, BofA Securities Europe SA, BNP Paribas, Crédit Agricole Corporate and Investment Bank, J.P. Morgan SE, Société Générale and UBS AG London Branch.
In addition, Homburger acted as Swiss counsel to Goldman Sachs International in its capacity as new facility B3 lender and mandated lead arranger in connection with Matterhorn Telecom S.A.&#8217;s new EUR 430 m English law governed term loan facility. Homburger advised Goldman Sachs International and the other syndicate banks with regard to all Swiss law aspects of the new term loan B3 facility.
The Homburger team was led by Jürg Frick (Financing and Investment Products) and included Eduard De Zordi (Capital Markets), Olivier Baum (Capital Markets, Financing and Investment Products) as well as Stefan Oesterhelt (Tax).

Homburger advised Goldman Sachs International on the issuance of EUR 420 m Senior Secured Notes by Matterhorn Telecom S.A., and Matterhorn Telecom S.A.'s new EUR 430 m Term Loan B3 Facility

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On February 5, 2025, Luzerner Kantonalbank successfully priced its issuance of CHF 150 m 3.00% Additional Tier 1 Bonds by Luzerner Kantonalbank. The issuance is expected to close on February 28, 2025. Zürcher Kantonalbank acted as Structuring Advisor and Joint-Lead Manager and Luzerner Kantonalbank and UBS AG acted as Joint-Lead Managers.
The Homburger team was led by Benjamin Leisinger and included Olivier Baum (both Capital Markets) as well as Dieter Grünblatt (Tax).

Homburger advises Zürcher Kantonalbank on the issuance of CHF 150 m 3.00% Additional Tier 1 Bonds by Luzerner Kantonalbank

Corporate / M&A

Regulatory

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On July 11, 2022, Dufry AG (SIX: DUFN) announced to have reached an agreement with Edizione S.p.A. to join forces with Autogrill S.p.A. (XMIL: AGL) to create a new, integrated global Travel Experience player. The combined entity will serve over 2.3 bn passengers across all continents in around 5,500 outlets at around 1,200 airport and other locations.
Edizione S.p.A., through a wholly owned subsidiary, will transfer its entire stake of 50.3% in Autogrill to Dufry. As consideration therefor, Dufry will issue notes to Edizione mandatorily convertible into an aggregate of 30,663,329 newly issued Dufry shares, at an implied exchange ratio of 0.158 new Dufry shares for each Autogrill share. The closing of the transfer is subject to regulatory approvals, the approval by Dufry’s shareholders at the extraordinary general meeting, as well as other conditions. Following closing of the transfer, Dufry will launch a mandatory tender offer for the remaining Autogrill shares.
Edizione will ultimately become Dufry&#8217;s largest shareholder; the parties will enter into a long-term relationship agreement.
Homburger acts as transaction counsel to Dufry. The Homburger team comprises partner Andreas Müller, partner Frank Gerhard, lead associate Carlo Sulser, associates Oliver Kneubühl and Stefan Luginbühl, and junior associates Thomas Leu and Matthias Müller (all Corporate / M&amp;A; Capital Markets), counsel Eduard De Zordi and associate Olivier Baum (both Financing and Investment Products / Capital Markets), partners Dieter Grünblatt and Reto Heuberger (both Tax), and partner Mariella Orelli (Regulatory).

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Baum

Homburger advised Goldman Sachs International on the issuance of EUR 420 m Senior Secured Notes by Matterhorn Telecom S.A., and Matterhorn Telecom S.A.'s new EUR 430 m Term Loan B3 Facility

Homburger advises Zürcher Kantonalbank on the issuance of CHF 150 m 3.00% Additional Tier 1 Bonds by Luzerner Kantonalbank

Homburger advises Dufry on the strategic combination with Autogrill

Legitimation zur Anhebung von Verantwortlichkeitsklagen gegen Organe einer liquidierten und im Handelsregister gelöschten Gesellschaft

Kapitalband und bedingtes Kapital im Entwurf zur Aktienrechtsrevision - Zwei Spieler derselben Mannschaft?

Aktienrechtliche Verfahren: Klagemöglichkeiten und Klagerisiken

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Homburger advised Goldman Sachs International on the issuance of EUR 420 m Senior Secured Notes by Matterhorn Telecom S.A., and Matterhorn Telecom S.A.'s new EUR 430 m Term Loan B3 Facility

Homburger advises Zürcher Kantonalbank on the issuance of CHF 150 m 3.00% Additional Tier 1 Bonds by Luzerner Kantonalbank

Homburger advises Dufry on the strategic combination with Autogrill

Legitimation zur Anhebung von Verantwortlichkeitsklagen gegen Organe einer liquidierten und im Handelsregister gelöschten Gesellschaft

Kapitalband und bedingtes Kapital im Entwurf zur Aktienrechtsrevision - Zwei Spieler derselben Mannschaft?

Aktienrechtliche Verfahren: Klagemöglichkeiten und Klagerisiken

Join the Team

Olivier Baum

Career

Languages

Bar Registration

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Olivier
Baum