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Milbank LLP represented the initial purchasers in connection with (i) Ardonagh Finco Limited’s offerings of $200 million 7.750% senior secured notes due 2031 and €85 million 6.875% senior secured notes due 2031, and (ii) Ardonagh Group Finance Limited’s offering of $100 million 8.875% senior notes due 2032.
The proceeds of the offerings will be used for general corporate purposes, including 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 European Leveraged Finance/Capital Markets partner Rebecca Marques, special counsel Melanie Probst, and associates Harshavardhan Sunder, Facundo González Bustamante and Michail Plataniotis.
