Milbank Advises Aktor on Its Landmark €650M Share Capital Increase and €300M Bond Offering

Milbank LLP advised Aktor Group of Companies (“Aktor”), one of the leading infrastructure groups in Greece and Southeast Europe, on a series of financing transactions comprising (i) a €650 million share capital increase through the non-preemptive issue of 57,777,778 new ordinary shares to institutional investors internationally and to retail and qualified investors in Greece, at an offer price of €11.25 per new share and (ii) a €300 million offering of 7.875% senior notes due 2031 (the “Transactions”). The proceeds of the Transactions will be used primarily to fund capital expenditure plans and new investments to implement Aktor’s strategic business plan.

The Milbank team was led by European Leveraged Finance/Capital Markets partner Apostolos Gkoutzinis, with special counsel Melanie Probst, associates Alexia Pimbli and Michail Plataniotis and law clerk Federico Costantino. The team also included Global Corporate/M&A partner Lisa O’Neill and associate Lipi Rawat, New York Tax partner Eschi Rahimi-Laridjani and associate Michelle Song and UK Tax partner Alan Rafferty and associates Liam Markham and Max Norman.