Slaughter and May advised International Workplace Group plc on a series of related refinancing transactions

Slaughter and May advised International Workplace Group plc (“IWG”), the global operator of leading co-work and workspace brands, on a series of related refinancing transactions, including:

• the issuance of a €575,000,000 investment grade bond (the “Bond”);
• the entry into a $720,000,000 revolving credit facility;
• various transactions which reduce the face value of the £350,000,000 Convertible Bond issued by IWG Group Holdings S.À R.L. – on which Slaughter and May also advised - to £231.7m; and
• the entry into hedging agreements in relation to the Bond. 

The Bond will be listed on the International Securities market of the London Stock Exchange and carry a coupon of 6.50%.