Latham & Watkins has advised the pool of initial purchasers led by BNP Paribas and Barclays and also composed by Banca Akros—Gruppo Banco BPM, Deutsche Bank, and UniCredit on the issuance of €400 million aggregate principal amount of senior secured fixed rate notes due 2027, by Adler Pelzer Holding GmbH.
The notes, issued pursuant to Rule 144A and Regulation S of the US Securities Act, will be listed on the Global Exchange Market of Euronext Dublin. The proceeds of the notes were used to redeem the company’s existing senior secured notes due 2024.
The Latham team was led by Milan corporate partner Jeff Lawlis, with associates Giorgio Ignazzi and Loran Radovicka. Advice on Italian finance matters was provided by Milan partners Marcello Bragliani and Alessia De Coppi, with associates Nicola Nocerino and Pasquale Spiezio; on Italian regulatory matters by Milan partner Cesare Milani, with associate Edoardo Cassinelli; on UK finance matters by London partner Ross Pooley, with associates Lewis Atherton and Yuecheng (Liam) Feng; on US tax matters by New York partner Jocelyn Noll; on US banking matters by New York partner Abhay Lele, with associate Michela Mancini; on German capital markets matters by Frankfurt partner Jan Penselin, with associate Jennifer Thiessen; on German banking matters by Munich partner Christian Jahn, with counsel Cora Grannemann and associate Luca Brandi; and on Spanish banking matters by Madrid partner Fernando Colomina with associate Carmen Esteban, and London associate Pablo Alarcón.