Cases & Deals

MAST completes private placements of Senior Secured Notes and Common Stock

Clients MAST Capital Management, LLC

Jones Day advised MAST Capital Management, LLC in connection with the investment by its managed funds, alongside funds managed by KKR & Co. L.P., in Avanti Communications plc, a leading satellite operator based in the UK that provides high speed internet and Ka-band data services for enterprise, mobile carrier, government, and consumer users. Collectively, the funds invested $125 million of 10% Senior Secured Notes due 2019 and $11.2 million in shares of Common Stock of Avanti. The debt and equity offerings were private transactions exempt from the registration requirement of the Securities Act of 1933.