![Milbank LLP [Kui To Joshua Mo]](https://www.milbank.com/a/web/bvmFkcLkpsXZzoQutaLCCE/9hoKv9/mo-joshua-lon-web.jpg "Milbank LLP [Kui To Joshua Mo]")
Milbank LLP advised eir on the offering of €550 million 5% senior secured notes due 2029 and the repricing of its €600 million existing term loan B facility.
The proceeds of the offering of notes will be used (i) to prepay the existing senior secured term loan facility B4, (ii) to repay drawings under the existing revolving credit facility, (iii) for general corporate purposes (including partial redemption or repayment of existing 3.50% senior secured notes due 2026) and (iv) for payment of fees and expenses.
eir is the principal provider of fixed-line telecommunications and the third-largest provider of mobile telecommunications in Ireland.
The Milbank team was led by European Leveraged Finance/Capital Markets partners Rebecca Marques and Sarbajeet Nag and associates Vasujith Ram, Pranahita Srinivas, Harshavardhan Sunder, and Kui To Joshua Mo. The team was also assisted by New York Leveraged Finance partner Spencer Pepper and associate Sean McMillon.
