Milbank LLP represented the initial purchasers in connection with the offering by TDC Brands A/S of €550 million 8% senior secured notes due 2031 and a new €175 million super senior revolving credit facility. TDC Brands A/S will use the proceeds from the offering to repay the outstanding amounts under the EUR Term Loan B Facility, pay transaction fees and expenses and for general corporate purposes.
TDC is a leading digital service provider in Denmark specializing in the delivery of innovative digital B2B and B2C services across television, broadband and telephony, as well as of advanced business solutions, including cyber security, unity communications and digital collaboration, through a managed portfolio of well-established Danish brands.
The Milbank team was led by European Leveraged Finance/Capital Markets partner Rebecca Marques and Sarbajeet Nag, special counsel Melanie Probst and Michael Gatter, associates Harshavardhan Sunder, João Martins, Natasha Cacela, Elliot Francis and trainee Daisy Brown. The team had assistance from Tax partner Andrew Walker and associate Seth Moreida.
