Slaughter and May advised Derwent London plc - note purchase agreement for the issue and purchase of £250 million private placement notes

22 Nov 2018

Slaughter and May advised Derwent London plc (Derwent), a leading London property developer and investor, in relation to a note purchase agreement for the issue and purchase of £250 million private placement notes.

The notes are to be issued in January 2019 and will consist of £55 million Series C Notes due 2026 with a coupon of 2.68%, £93 million Series D Notes due 2029 with a coupon of 2.87%, £50 million Series E Notes due 2031 with a coupon of 2.97% and £52 million Series F Notes due 2034 with a coupon of 3.09%. The notes were placed with eight institutional investors. The proceeds will be used to refinance existing financial indebtedness and for general corporate purposes.

Contacts

Financing: Matthew Tobin (partner), Charlotte Elliott (associate); Tax: William Watson (partner), Charles Osborne (associate), Alex Fisher (associate)


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