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Apax Partners LLP plans to raise
1.4 billion Swiss francs ($1.5 billion) of loans and bonds for
its leveraged buyout of France Telecom SA’s Orange Switzerland
mobile-phone unit, said two people with knowledge of the deal.

The financing includes 225 million francs of term loan A,
400 million francs of term loan B, 100 million francs of
revolving credit and 125 million francs of credit facility for
capital expenditure, said the people, who declined to be
identified because the deal is private.

Orange Switzerland will also sell 325 million francs of
senior secured bonds and 225 million francs of senior unsecured
notes, the people said.

Citigroup Inc., Credit Suisse Group AG, Deutsche Bank AG,
JPMorgan Chase amp; Co., Morgan Stanley and UBS AG are arranging
the financing, said the people.

Ben Harding, a spokesman for Apax in London, hadn’t
responded to e-mail and phone messages seeking comment.

Apax agreed to buy Orange Switzerland for 1.6 billion euros
($2.1 billion), France Telecom said in a statement Dec. 23.

To contact the reporters on this story:
Patricia Kuo in London at
pkuo2@bloomberg.net;
Stephen Morris in London at
smorris39@bloomberg.net

To contact the editor responsible for this story:
Faris Khan at
fkhan33@bloomberg.net

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