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Milbank LLP represented the initial purchasers in connection with Ardonagh Finco Limited’s offerings of $225 million 7 3/4% senior secured notes due 2031 and €150 million 6 7/8% senior secured notes due 2031.
The proceeds of the offerings will be used for general corporate purposes, including tuck-in acquisition opportunities, and to pay related fees and expenses.
Ardonagh is the largest independent insurance broker in the United Kingdom and among the largest globally.
The Milbank team was led by Corporate Finance and Securities partner Rebecca Marques, special counsel Melanie Probst, and associates Maria Schweinberger, Matteo Bonacina, Harshavardhan Sunder and Christina Mouttet.
