UK:
Milbank Advises Initial Purchasers On €175M Offering Of Senior Secured Notes By Parts Europe S.A. (Formerly Autodis S.A.)
14 February 2019
Milbank LLP
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Milbank, Tweed, Hadley & McCloy LLP has advised Goldman
Sachs International and BNP Paribas as initial purchasers in
connection with Parts Europe S.A.’s (formerly Autodis S.A.)
offering of €175 million Senior Secured Floating Rate Notes
due 2022. The net proceeds of the bond offering were, or will be,
used to fund the redemption of €72 million in aggregate
principal amount of Parts Europe’s Senior Secured Floating
Rate Notes due 2022, to repay all amounts drawn under Parts
Europe’s revolving credit facility, and for general corporate
purposes.
Parts Europe, a portfolio company of Bain Capital, is a leading
aftermarket light vehicle spare parts distributor and truck spare
parts distributor and repairer in Western Europe, mainly active in
France, Benelux and Italy.
The Milbank team was led by London Global Leveraged
Finance/Capital Markets partners Rebecca Marques and Alexandra
Grant, with associates Felipe Lima, Serguei Chevtchenko and Sarah
Findlay. The team also included London Tax special counsel Matthew
Mortimer and New York Tax associate Jules Mugema.
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.
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