Sunrise prices EUR 500M Senior Secured Notes due 2033

Sunrise Communications AG successfully priced a new issuance of EUR 500 million Senior Secured Notes due 2033 with an interest rate of 5%. The proceeds will be used to fully refinance existing 3.875% EUR SUN due 2029 and partially refinance 3.625% EUR SSN due 2029, with the remaining stub to be repaid in H2 2026. This leverage-neutral transaction extends Sunrise's debt maturity profile to a weighted average life of 5.9 years, with most debt due in 2031 or later, while maintaining an optimized weighted average cost of debt at approximately 2.8%.