Slaughter and May advised Arrow Global - issue of £220 million 5.125% senior secured notes
Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, advised Arrow Global Group plc (Arrow Global), one of Europe’s leading purchasers and managers of debt, on the issue by Arrow Global Finance plc of £220 million 5.125% senior secured notes due 2024. Goldman Sachs International, J.P. Morgan Securities plc and HSBC Bank plc acted as physical bookrunners and global coordinators for the issue, with The Royal Bank of Scotland plc, Lloyds Bank plc and DNB Markets, a division of DNB Bank ASA, acting as co-managers. The notes are governed by New York law and will be listed on the Luxembourg Stock Exchange.
The net proceeds of the offering are proposed to be used towards the redemption of Arrow Global Finance plc's outstanding £220 million 7.875% senior secured notes due 2020.