Milbank Advises Initial Purchasers on €175M Offering of Senior Secured Notes by Autodis S.A. and RCF Upsize

Milbank LLP has advised BNP Paribas, Citigroup Global Markets Limited, Goldman Sachs International and J.P. Morgan Securities plc as Initial Purchasers in connection with Autodis S.A.’s offering of €175 million Senior Secured Floating Rate Notes due 2022 as additional notes under its existing indenture and the upsizing of its revolving credit facility. The net proceeds of the bond offering were, or will be, used to repay all amounts drawn under Autodis’s revolving credit facility, to fund the redemption of the outstanding Senior Holdco Pay-If-You-Can Notes of Dakar Finance S.A. (an indirect parent of Autodis) and for general corporate purposes.

Autodis, a portfolio company of Bain Capital, is a leading aftermarket light vehicle spare parts distributor and truck spare parts distributor and repairer in Western Europe, mainly active in France, Benelux and Italy.

The Milbank team was led by London Capital Markets partners Rebecca Marques and Apostolos Gkoutzinis, with special counsel Randy Nahlé and associate Serguei Chevtchenko, and London Leveraged Finance partner Suhrud Mehta, with associates Nike Johnson, Laura Bonamis and Tom Neilson. The team also included New York Tax partner Andrew Walker and associate Jules Mugema.