WOM. ISDA agreements with Goldman Sachs
1. Deal Description
Guerrero Olivos represented WOM S.A. y WOM Holding SpA, part of the WOM Group, Chile’s fastest-growing mobile voice and data and mobile broadband services provider by total subscribers and revenue, owned by UK investment fund Novator Partners LLP.
Our capital markets team assisted WOM in the execution of several ISDA agreements amounting to USD45 million, with Goldman Sachs, to mitigate exchange rate effects over part the funds obtained from the USD500 million bond issuance in the international market under Rule 144A/Regulation S of the Securities Act, made by related company Kenbourne Invest and guaranteed by WOM on January 2021.
Our team oversaw the local aspects of the transaction including ISDA negotiations and collateral structuring.
2. Counsel list
Counsel to WOM S.A. and WOM Holding SpA: Guerrero Olivos
Partner: Pedro Pellegrini
Senior associate: César Gálvez
Associate: Josefina Sánchez
International counsel to WOM: White & Case (London and New York)
Partner: Jill Concanon (London)
Associate: Rhys Bortignon (New York)
Goldman Sachs: In house counsels
3. Date of closing
June 24, 2021
4. Deal Value
5. Jurisdictions involved
London, New York and Chile