Aurum Group, an Apollo Portfolio Company Based in the UK, Completes Refinancing, Issues First High-Yield Bond

Aurum Group, an Apollo-owned retailer of luxury watches and jewelry, raised £265 million from a first-ever issuance of senior secured notes due 2023, with a portion of the proceeds used to refinance its existing term loan. Aurum Group also entered into a £40 million super-senior asset-based lending facility in the UK and a $60 million asset-based lending facility in the U.S.

The Paul, Weiss team included, among others, finance partners Gregory Ezring and Brad Finkelstein; finance counsel David Carmona; and securities counsel Patricia Vaz de Almeida. Tax advice was provided by partner Brad Okun.