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White & Case Advises WOM on US$650 Million Bond and Loan Financing

Global law firm White & Case LLP has advised Chilean mobile telecoms operator WOM S.A. (Kenbourne Invest S.A., trading as WOM), on its inaugural US$450 million high yield bond issue and entry into a new US$200 million (equivalent) pari passu senior credit facilities, which will together provide WOM S.A. with an aggregate US$650 million (equivalent).

"WOM is an impressive company and we have advised it on this groundbreaking financing, which brought the best of the international leveraged finance market to Chile," said White & Case partner Jill Concannon, who co-led the Firm's deal team.

WOM is a portfolio company of London-based investment firm Novator.

"We've advised long standing client Novator on an important strategic step," said White & Case partner Ian Bagshaw, who co-led the Firm's deal team. "This transaction has showcased the Firm's leading borrower financing capabilities."

White & Case previously advised Novator on its acquisition of a 92 percent stake in Nextel Chile S.A. (which rebranded as WOM in 2015), as well as various refinancings since 2015.

The White & Case team which advised on the transaction was co-led by partners Jill Concannon and Ian Bagshaw and included partners Colin Harley and Ingrid York (all London) and Taisa Markus, Ian Cuillerier and Ray Simon (all New York), counsel Willem Van de Wiele and local partner Habiba Boughaba (both Brussels), associates Ben von Maur, Nicola Chapman, Claudia Hasbun, Brian Dearing, Elena Ruggiu, Janam Nagra and Nathaniel Crowley (all London), Rhys Bortignon and Kyle Ezzedine (both New York), Aurelie Terlinden (Brussels) and Ricardo Pous Fritz (Mexico City).

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