Milbank Advises Initial Purchasers on €300 Million Offering of Senior Notes by Almirall, S.A.

Milbank LLP has advised BNP Paribas and J.P. Morgan AG as joint global coordinators and bookrunners, and Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A, BofA Securities Europe SA and CaixaBank, S.A. as joint bookrunners, in connection with Almirall, S.A.’s offering of €300 million 2 ⅛% Senior Notes due 2026. The net proceeds of the bond offering are being used to repay existing indebtedness and for general corporate purposes.

The issuer is headquartered in Spain and is a leading international, vertically integrated pharmaceutical company engaged in the research and development, manufacturing and commercialization of pharmaceutical products, which consist primarily of prescription drugs.

The Milbank team was led by European Leveraged Finance/Capital Markets partner Rebecca Marques and special counsel Trevor Truman, with associates Iakovos Anagnostopoulos, Anastasia Kontaxi and Vasujith Ram and paralegals Matteo Bonacina and Salma Farran. European Leveraged Finance/Capital Markets partner Mathias Eisen, with associates Thomas Moeller and Lara Milione, advised on German law matters. The team also included New York Tax partner Eschi Rahimi-Laridjani and associate David Hanno.