Milbank Advised Financing Sources on Brookfield Owned HomeServe’s Refinancing

Milbank LLP advised the financing sources in connection with HomeServe EMEA’s £325 million and €460 million term debt facilities and a £150 million revolving credit facility in order to fully refinance its existing sterling and euro loans under a senior bridge facility.

HomeServe EMEA is a leading provider of repair and maintenance policies, HVAC installation, financing and servicing, and emergency and on-demand home assistance. It employs over 7,000 people and serves 3.6 million homeowners across the UK, France, Spain, Germany, and Japan, through a range of subscription-based home emergency cover products.

The Milbank team was led by European Leveraged Finance/Capital Markets partners Suhrud Mehta and Laura Bonamis, and included associates Tom Neilson, James Szauer, Giulia Petragnani Gelosi and Venandah Madanhi.