UK:
Milbank Advises The Initial Purchasers In Debut Issuance For Victoria PLC
02 August 2019
Milbank LLP
To print this article, all you need is to be registered or login on Mondaq.com.
Milbank has advised the initial purchasers in connection with
Victoria PLC’s (“Victoria”) offering of €330
million 5¼% Senior Secured Notes (the “Notes”).
Concurrently with the offering, Milbank also advised affiliates of
the initial purchasers as lenders under £203 million term
loan and revolving credit facilities. Victoria used proceeds from
the offering of Notes and borrowings under the term loan facility
to refinance existing indebtedness.
Victoria is a leading international designer, manufacturer and
distributor of innovative flooring products across the United
Kingdom, Continental Europe and Australia, established in 1895 and
publicly listed since 1963. The majority of its products are for
residential use, with a particular focus on mid- to upper-market
products used in the improvement and repair segment.
The Milbank team was led by European Leveraged Finance/Capital
Markets partners Apostolos Gkoutzinis and Suhrud Mehta, with
partner Rebecca Marques and special counsel Trevor Truman, and
associates Andrew Bechtel, Iakovos Anagnostopoulos, Tom Neilson,
Darell Hayes and Sarah Findlay. The team also included London Tax
special counsel Matthew Mortimer and New York Tax associate Archan
Hazra.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from UK
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
Q&A: Safe Harbours For VASPs - Part 1
Ogier
Asian Legal Business was keen to hear from our experts on how this will allow virtual asset services providers (VASPs) to anchor in theses jurisdictions, despite increased regulatory burdens...
Q&A: Safe Harbours For VASPs - Part 2
Ogier
In 2023, Jersey and the British Virgin Islands passed legislation indicating they were welcoming virtual asset service providers, joining the likes of the Cayman Islands...
CRD VI And Its Impact On Lending Into Europe
Cadwalader, Wickersham & Taft LLP
December 2023 saw the publication by the EU of the near-final version of its ‘Banking Package' that makes significant changes to the Capital Requirements Directive known as ‘CRD VI'.
Financial Promotion Exemptions – UK Government U-Turn
Shepherd and Wedderburn LLP
In response to criticism, the UK Government announced in the 2024 Spring Budget that recent changes to the financial promotion exemptions eligibility criteria would be partially reversed from 27 March 2024.