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Latham Advises on Morrisons Cross-Instrument Liability Management Transaction
June 7, 2024
London team represented sole dealer manager and sole purchase agent in simultaneous tender offers and concurrent term loan solicitation.
Latham & Watkins has advised HSBC Bank plc as sole dealer manager and sole purchase agent in connection with multiple and simultaneous tender offers, structured as unmodified Dutch auctions, and the concurrent term loan solicitation by certain group entities of Morrisons, resulting in an aggregate principal amount of approximately £1 billion (equivalent) of indebtedness being repurchased.
The Latham team was led by London partner Francesco Lione. Advice was also provided on US capital markets matters by London associate Peter Neuböck; and on banking matters by London partner Dan Maze, with associate Zahra Haji.