Latham & Watkins Advises on TKC Holdings’ Senior Secured Notes Offerings Totaling US$1.8 Billion

TKC Holdings, Inc. has priced a notes offering consisting of US$1.1 billion in aggregate principal amount of 8.50% Senior Secured First Lien Notes due 2030 and US$675 million in aggregate principal amount of 12.00% Senior Secured Second Lien Notes due 2031 in an offering exempt from the registration requirements of the Securities Act of 1933.

Latham & Watkins LLP represents the initial purchasers in the offerings with a team led by partners Andrew Baker and Jesse Sheff, with Capital Markets associates Giulia Franzoso, Vanessa Hillabrand, and Helen Zhang, and banking associates Tulika Sinha, Kate Bell, Andrea Olaya Gomez, and Julius Ma. Advice was also provided on tax matters by partner Bora Bozkurt and counsel Kathryn Harrington, with assistance from George Yu.