Shearman And Sterling

News February 26, 2020

Talktalk Telecom Group PLC's £575 Million Senior Note Offering

Shearman & Sterling represented Barclays, HSBC, NatWest Markets, CIC Market Solutions, DNB Markets, ING, MUFG and Santander Corporate & Investment Banking as initial purchasers in connection with TalkTalk Telecom Group PLC's £575 million offering of 3.875% senior notes due 2025. The offering, which was conducted pursuant to Regulation S under the US Securities Act, closed on February 20, 2020. The proceeds of the offering will be used to repay certain outstanding debt.

TalkTalk is the UK's leading value-for-money provider of fixed-line connectivity services for residential and business customers, and the UK's largest provider of wholesale broadband to small businesses and consumers. TalkTalk's consumer offering includes landline telephony, broadband internet and TV to residential consumers, and their B2B offering includes fixed-line telephony, broadband internet (including high-speed Ethernet), data networking and other connectivity solutions to various private companies and public sector organizations.

The Team