Jurisdiction - Hong Kong
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Skadden Advises On Pacnet Senior Notes Offering.

13 December, 2013

 

Skadden advised DBS Bank Ltd., Deutsche Bank, Goldman Sachs L.L.C., and Standard Chartered Bank as underwriters in a US$350 million Rule 144A and Regulation S high-yield offering of 9.00% senior secured guaranteed notes due 2018 by Pacnet Limited, a provider of managed data connectivity solutions in the Asia-Pacific region. In connection with the transaction, Pacnet also amended its $50 million term loan facility and bank guarantee facility, which share security with the notes, and will redeem its 9.25% senior secured guaranteed notes due 2015.

 

The team was led by Hong Kong partners Alec Tracy and Clive Rough.

 

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