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IPTs: Mid 9s%
Issuer: HTA Group Ltd, a wholly owned subsidiary of HeliosTowers Africa, Ltd. (Mauritius)
Guarantors: Helios Towers Africa, Ltd. and all its current subsidiaries Corporate and Issue
Expected Issue Ratings: B2 / B by Moody’s / S&P, both Stable Outlook
Format: Senior Notes
Distribution: 144a/RegS
Size: $600m
Structure: 5NC2
Settlement: [8] March 2017 (T+5)
Maturity: [8] March 2022
IPTs: Mid 9s%
Call Schedule: Year 2 at par + 50% of coupon, Year 3 at par + 25% of coupon, Year 4 and thereafter at par
Prior to First Call: Make-whole premium
Equity Clawback: Up to 40% at par plus the coupon for the first 2 years
Use of Proceeds: Refinance existing indebtedness, fund the purchase price of the Vodacom Buyout, fund pending acquisitions of remaining sites and a portion of 2017 capex and to pay fees and expenses
Change of Control: 101% (ratings-based)
Denominations: $200kx1k