Parts Europe S.A.’s €380 Million Notes Offering

Milbank advised BNP Paribas, Barclays Bank Ireland PLC, and Goldman Sachs Bank Europe SE on the deal. BNP Paribas, Barclays Bank Ireland PLC, and Goldman Sachs Bank Europe SE acted as initial purchasers in connection with Parts Europe S.A.’s offering of EUR380 million Senior Secured Floating Rate Notes due 2027. The net proceeds of the bond offering were used to fund the redemption of the entire aggregate outstanding principal amount of Parts Europe’s Senior Secured Floating Rate Notes due 2022 (governed by an indenture dated November 14, 2016), to fund the full repayment of Parts Europe’s super senior liquidity facility pursuant to an agreement dated as of July 1, 2020, for general corporate purposes and to pay certain related fees and expenses.

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, Italy and Spain. The Milbank team was led by European Leveraged Finance/Capital Markets partner Rebecca Marques (Picture), with associates Aled Knights and Michele Scansani. Involved fees earner: Aled Knights – Milbank LLP[1]; Rebecca Marques – Milbank LLP[2];

Law Firms: Milbank LLP[3];

Clients: Barclays Bank Ireland PLC[4]; BNP Paribas[5]; Goldman Sachs Bank Europe[6];

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References

  1. ^ Aled Knights – Milbank LLP (www.centrostudipbvpartners.com)
  2. ^ Rebecca Marques – Milbank LLP (www.centrostudipbvpartners.com)
  3. ^ Milbank LLP (www.centrostudipbvpartners.com)
  4. ^ Barclays Bank Ireland PLC (www.centrostudipbvpartners.com)
  5. ^ BNP Paribas (www.centrostudipbvpartners.com)
  6. ^ Goldman Sachs Bank Europe (www.centrostudipbvpartners.com)
  7. ^ Printer Friendly, PDF & Email (www.globallegalchronicle.com)