Herbert Smith Freehills and White & Case provide legal advice on MTN Group’s revolving credit facility
It aims to refinance the company’s existing arrangement
International law firms Herbert Smith Freehills and White & Case have provided legal advice on the revolving credit facility of MTN Group Limited, valued at up to USD 1 billion.
White & Case acted for MTN, while Herbert Smith Freehills represented the lenders involved in the transaction. Bank of America Europe Designated Activity Company, Citi Bank, and MUFG Bank played significant roles as global coordinators, bookrunners, and mandated lead arrangers.
MTN Group Limited, recognized with a Moody’s rating of Ba2 and an S&P rating of BB-, stands as a multinational mobile telecommunications company and Africa’s largest mobile network operator.
The Herbert Smith Freehills legal team, involving London and Johannesburg offices, was led by finance partner Will Nevin and associate Siqi Geng (London). They were supported by partner Edward Baring and of counsel Lamis Adam (South Africa).