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General

Sunrise to request release of security with Senior Facilities Agreement

Tuesday 16 June 2020 | 09:49 CET | News
Swiss operator Sunrise said that it will request the release of security granted in connection with its Senior Facilities Agreement. The company said that the release of security is expected to be effective during the course of June, following the upgrade of its Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+' by rating agency Fitch. Sunrise's obligations under the Senior Facilities Agreement and Sunrise's 2018 CHF Senior Secured Notes will then be unsecured obligations.

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Categories: General
Companies: Sunrise
Countries: Switzerland
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