Our Finance Group helps clients navigate the business and legal complexities of novel and multidimensional debt financing transactions. We fully understand the challenges faced by borrowers, investors and lenders throughout a company’s lifecycle, from evolving techniques in acquisition finance to the tensions inherent in distressed situations. We are the firm of choice for the most innovative and complex financing matters, including bespoke structured financings and whole-business securitizations of novel assets and restructurings of multibillion-dollar companies.
Aurum Group, an Apollo Portfolio Company Based in the UK, Completes Refinancing, Issues First High-Yield Bond
- Client News
- April 18, 2018
Practices
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 finance partners Gregory Ezring and Brad Finkelstein; finance counsel David Carmona and Caith Kushner; and securities counsel Patricia Vaz de Almeida. Tax advice was provided by partner Brad Okun.