Milbank LLP represented the bookrunners in connection with the €150 million 3.500% notes due 2031 tap offering (the “New Notes”) by Titan Global Finance Plc (the “Issuer”) (the “Offering”). The New Notes are unconditionally and irrevocably guaranteed by Titan SA and will be consolidated and form a single series with the €350 million 3.500% notes due 2031 issued by the Issuer on February 4, 2026.
Titan SA, which is listed on Euronext Brussels, along with a parallel listing on Euronext Paris and a secondary listing on Euronext Athens, 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 (including the United States, Canada and Brazil) Greece and Western Europe, Southeast Europe and Eastern Mediterranean. Titan SA is rated BBB- (Stable) by S&P Global Ratings and BB+ (Positive) by Fitch Ratings.
Bookrunners for the Offering of the New Notes were BNP PARIBAS and HSBC Continental Europe, as joint global coordinators, and AXIA Ventures Group Ltd., Eurobank S.A., National Bank of Greece S.A. and Piraeus Bank S.A., as joint bookrunners.
The net proceeds from the Offering will be used by the Issuer for general corporate purposes (including refinancing of the Group’s existing indebtedness).
The Milbank team was led by European Leveraged Finance/Capital Markets partner Apostolos Gkoutzinis, with associates Despoina Mangel and Elena Liu. The team also included European Leveraged Finance/Capital Markets partner Tristram Gargent and associate Giulia Petragnani Gelosi as to certain English law matters.
