Financing and Investment Products

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Following the successful offering and issuance of EUR 380 m 8.250% senior secured notes due 2028 and GBP 475 m 10.000% senior secured notes due 2028 by Pinnacle Bidco plc, the parent company of PureGym Limited, on October 11, 2023, on September 27, 2024, Pinnacle Bidco plc completed the sale and issuance of privately-placed EUR 125 m 8.250% senior secured notes due 2028 and GBP 45 m 10.000% senior secured notes due 2028.
PureGym is a leading European gym operator, with 1.9 m members across approximately 550 sites in its key markets (United Kingdom, Denmark and Switzerland).
The Homburger team was led by Jürg Frick (Financing and Investment Products) and included Alexander Wherlock and Sarah Fasel (both Financing and Investment Products) as well as Stefan Oesterhelt (Tax).

Homburger advised PureGym on its EUR 380 m and GBP 475 m senior secured notes offering and its EUR 125 m and GBP 45 m private placement

Deutsche Bank

Homburger advised Deutsche Bank AG, London Branch, on a syndicated German law bridge financing for VARTA AG

Homburger acted as counsel to Deutsche Bank AG, London Branch, in respect of a syndicated German law bridge financing for VARTA AG, which allows VARTA AG to secure key liquidity to complete its ongoing restructuring measures under the German StaRUG (German Act on the Stabilisation and Restructuring Framework for Companies). The bridge financing is a crucial part of the measures intended to secure VARTA AG&#8217;s core electronic battery industry, thereby helping to safeguard jobs and value creation in Germany and Switzerland.
VARTA AG produces and markets a diverse range of batteries including micro batteries, household batteries, energy storage systems and customer-specific battery solutions. As technology leader, VARTA AG sets industry standards in important areas of the battery technology field.
Homburger advised Deutsche Bank AG, London Branch, and the other syndicate banks with regard to all Swiss legal aspects of the financing transaction.
The Homburger team was led by Jürg Frick (Financing and Investment Products) and included Sarah Fasel and Nathalie Scherrer (both Financing and Investment Products) as well as Stefan Oesterhelt (Tax).

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On October 16, 2024, Liberty Global Ltd. (NASDAQ: LBTYA, LBTYB and LBTYK) and Sunrise Communications AG (Sunrise) announced the key dates of the spin-off of Sunrise from Liberty Global. After the spin-off, Sunrise, which is Switzerland&#8217;s largest private telecommunications provider, will be an independent, separate publicly traded Swiss company.
As part of the spin-off, Liberty Global shareholders will receive Sunrise Class A shares and Sunrise Class B shares in the form of Sunrise Class A ADSs and Sunrise Class B ADSs. The Sunrise Class A shares will be listed on the SIX Swiss Exchange (SIX) and the Sunrise Class A ADSs will be listed on the Nasdaq Global Select Market (NASDAQ). The spin-off is subject to approval by Liberty Global&#8217;s shareholders. The first day of trading on the NASDAQ and the SIX is scheduled for November 13 and 15, 2024, respectively.
Homburger AG acts as Swiss counsel to Liberty Global and Sunrise. The Homburger team is led by Daniel Daeniker and Daniel (Danny) Häusermann and includes, among others, Carlo Sulser, Patrick Schmidt, Michael Lüchinger, Marilena Balthasar, Felix Beltle and Paula Delissen (all Corporate / M&amp;A, Capital Markets), Stefan Oesterhelt, Laetitia Fracheboud, Juliette Buob and Tanja Niederer (all Tax), Andreas Müller, Jeremy Reichlin and Daniel Bötticher (all Employment and Executive Compensation), Richard Stäuber and Christoph Grüninger (all Competition, Regulatory), Gabriel Kasper (IP / IT), Sarah Fasel (Financing and Investment Products) and Daniel Junginger (Real Estate).

Homburger advises Liberty Global and Sunrise on the Spin-off and Listing of Sunrise on the SIX and NASDAQ

Sarah
Fasel

Homburger advised PureGym on its EUR 380 m and GBP 475 m senior secured notes offering and its EUR 125 m and GBP 45 m private placement

Homburger advised Deutsche Bank AG, London Branch, on a syndicated German law bridge financing for VARTA AG

Homburger advises Liberty Global and Sunrise on the Spin-off and Listing of Sunrise on the SIX and NASDAQ

Join the Team

Sarah Fasel

Career

Languages

Bar Registration

Teams

SarahFasel

Homburger advised PureGym on its EUR 380 m and GBP 475 m senior secured notes offering and its EUR 125 m and GBP 45 m private placement

Homburger advised Deutsche Bank AG, London Branch, on a syndicated German law bridge financing for VARTA AG

Homburger advises Liberty Global and Sunrise on the Spin-off and Listing of Sunrise on the SIX and NASDAQ

Join the Team

Sarah Fasel

Career

Languages

Bar Registration

Teams

Sarah
Fasel