Milbank Advises Bookrunners on Titan Global Finance Plc’s Bond Offering

Milbank LLP represented the bookrunners in connection with the offering of €350 million 3.500% notes due 2031 (the “Notes”) by Titan Global Finance Plc (the “Issuer”) (the “Offering”). The Notes were unconditionally and irrevocably guaranteed by Titan SA.

Titan SA, which is listed on Euronext Brussels, along with a parallel listing on Euronext Paris and a secondary listing in the Athens Stock Exchange, is a leading international, vertically integrated building and infrastructure materials business that manufactures, distributes and trades cement, aggregates, ready-mix concrete and related building products across four regions: the Americas, Greece and Western Europe, Southeast Europe and Eastern Mediterranean.

Bookrunners for the Offering were BNP PARIBAS, HSBC Continental Europe and Société Générale, as joint global coordinators, and Alpha Bank S.A., Citigroup Global Markets Limited, Eurobank S.A., Merrill Lynch International, National Bank of Greece S.A., Piraeus Bank S.A. and Raiffeisen Bank International AG, as joint bookrunners.

The net proceeds from the Offering will be used by the Issuer for general corporate purposes (including capital expenditures plans and partially for the funding of one or more of the group’s recently announced acquisitions) and to pay fees and expenses in connection with the Offering.

The Milbank team was led by European Leveraged Finance/Capital Markets partner Apostolos Gkoutzinis, with associates Chara Makrygianni and Despoina Mangel. The team also included London Tax partner Alan Rafferty, associates Lily Teh and Eamon MacDonald and European Leveraged Finance/Capital Markets partner Tristram Gargent and associate Arkadiusz Czekaj as to certain English law matters.