Shearman And Sterling

News July 09, 2021

Talk Talk’s £685 Million Senior Notes Consent Solicitation

Shearman & Sterling represented HSBC Bank as the Solicitation Agent in connection with the successful completion of TalkTalk’s consent solicitation for its £685 million 3.875 percent Senior Notes due 2025 (the Notes). The consent was to effect amendments to the indenture to implement security in favor of the Notes and instruct the trustee under the Notes to enter into an intercreditor agreement on behalf of the holders of the Notes.

TalkTalk is the U.K.’s leading value-for-money provider of fixed-line connectivity services for residential and business customers, providing landline telephony, broadband and TV to over four million customers.

The Shearman & Sterling team included associate Iain Sneddon.

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