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High Yield Debt Offering In London
- Client News
- March 29, 2017
Practices
Paul, Weiss client Arrow Global Group PLC, a data-driven debt purchase and receivables management company, raised €400,000,000 through the issuance of senior secured floating rate notes due 2025. The offering was upsized and achieved near investment-grade pricing (EURIBOR + 2.875%). Paul, Weiss also advised Arrow Global on its IPO, on its initial offering of euro-denominated senior secured floating rate notes, on a tap issuance of senior secured floating rate notes, on its issuance of euro-denominated senior secured floating rate notes, on its issuance of sterling-denominated senior secured floating rate notes, on bridge commitments for its principal post-IPO acquisition and on a consent solicitation.
The team representing Arrow Global included Mark Bergman, with U.S. tax advice provided by David Mayo.