Sunrise UPC GmbH Secures USD 1.3 Billion Sustainability Loan

Sunrise UPC GmbH has announced the issuance of a USD 1.3 billion Term Loan B due in 2032, aimed at refinancing existing loans maturing in 2029. The new loan will fully refinance the current USD Term Loan B and partly refinance the EUR Term Loan B, covering associated fees and costs.

This financial step is structured as a sustainability-linked loan, aligning with the company's environmental goals. The debt is protected against interest rate and currency fluctuations until 2029. Notably, this refinancing reduces the average cost of debt from 3.0% in October 2024 to 2.8%.

The transaction extends the debt maturity profile, with a majority due post-2029. Sunrise maintains its strategy of accessing markets to manage debt maturity and optimize costs effectively. The refinancing was facilitated by Deutsche Bank, Citi, BNP Paribas, JP Morgan, MUFG, Scotiabank, and UBS.