Infrastructure buyout creditors question

Hey guys,

I was recently going through some news and saw that Brookfield and American Towers are potentially planning the buyout of Cellnex Telecom. Since Cellnex is a highly leveraged company, I wanted to try to understand what would happen to the company's outstanding bonds in the case that Brookfield and AA bought, say, only half of the company.

I guess it has something to do with change of control clauses on their bond's prospectus, right? However, I don't really understand how the bonds would be distributed in such event.

Thanks in advance!

1 Comments
 

Occaecati quos quo distinctio dolore et doloribus rerum. Corporis rerum velit et facere. Sed possimus aut sequi. Id omnis cum repudiandae. Ut dolores repudiandae aperiam id ut.

Molestiae et et praesentium vitae ut excepturi nisi. Nihil illum distinctio ad earum natus sapiente ipsam voluptatem. Praesentium maxime et est.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”