Milbank Advises Initial Purchasers on €275M Issuance of Senior Secured Notes by Kongsberg Actuation Systems B.V.

Milbank LLP has advised J.P. Morgan and Danske Bank as initial purchasers in connection with the issuance of €275 million 5.00% Senior Secured Notes due 2025 by Kongsberg Actuation Systems B.V.

The proceeds of the bond issuance will be used to repay amounts outstanding under an existing revolving credit facility. Milbank also advised J.P. Morgan and Danske Bank in their capacity as Lead Arrangers on the entering into a super senior revolving credit facility.

Kongsberg is a leading supplier of components and systems for light and heavy duty and recreational vehicles.

The Milbank team was led by London Capital Markets partner Apostolos Gkoutzinis, with special counsel Trevor Truman, associates Dimos Papanikolaou, Kenneth Ryan and David Waserstein, and London Leveraged Finance partner Suhrud Mehta, with associates Nike Johnson and Tom Neilson. The team also included New York Tax partner Andrew Walker and associate Archan Hazra.