Kirkland & Ellis International LLP represented Ypso France S.A.S., the parent company of the Numericable Group, in connection with the offering of €360,200,000 12.375% senior secured notes due 2019 by Numericable Finance & Co. S.C.A. The transactions closed on Feb. 14, 2012. The proceeds from the offering were used by Numericable Finance & Co. S.C.A. to acquire a loan made to Ypso France S.A.S. to repay a portion of the facilities under a senior facility agreement.
The Kirkland team of lawyers in the Firm's London, New York and Chicago offices that advised on the notes offering included senior partner Ward McKimm, partner Cedric Van den Borren and associates Eric Wedel, Yumi Paringaux, Mark Fine, Michael Stout, Kevin Bettsteller and Emily Zhu. Partner Russell Light and associates Kevin Zaragoza and Dulcie Sawle Daly advised on the tax aspects of the offering. Partner Laura Bader advised on ERISA matters.
The Numericable Group, a leading provider of television and broadband Internet services, is the sole cable operator in France. It primarily offers television on a stand-alone basis and triple- and quadruple-play packages that include television, broadband Internet and fixed-line telephony services and, in the case of quadruple-play packages, mobile telephony services. Its cable network is one of the most technologically advanced in Europe and provides superior speed levels and image quality. The Numericable Group is controlled by Altice, Cinven and The Carlyle Group.
Kirkland & Ellis is a 1,500-attorney law firm representing global clients in complex corporate, secured lending, capital markets, tax, restructuring, litigation and dispute resolution/arbitration, and intellectual property and technology matters. The Firm has offices in London, Chicago, Hong Kong, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.