Sunrise Communications UPC Switzerland Acquisition 2019

Sunrise Communications Group AG presented the acquisition of UPC Switzerland for CHF 6.3 billion, comprising a CHF 3.6 billion debt financing and CHF 4.1 billion rights issue. The transaction includes the purchase of LGE Financing BV and Swiss subsidiaries, with existing UPC bonds and credit facilities transferring to Sunrise, while non-Swiss UPC operations are carved out pre-closing.