Milbank Advises ION Analytics on Its Debut Issuance of $350 Million Senior Secured Notes

Milbank LLP has advised Acuris Finance S.à r.l. and Acuris Finance US, Inc (collectively, “ION Analytics”) in connection with their debut issuance of $350 million 5.000% Senior Secured Notes due 2028. This represented the third bond issuance by a portfolio company of the ION Investment Group and was executed substantially concurrently with the debut bond offerings by ION Corporates and ION Markets.  Milbank advised the issuers on all three offerings which closed in April and May 2021.

ION Analytics is an industry-leading global data, content and technology company combining two prominent names in capital markets data, content and intelligence: Dealogic and Acuris. Widely recognized across the capital markets, it develops and provides mission-critical proprietary analytics and insights, through integrated data and workflow software, to thousands of participants in the global financial markets, including investors, issuers, investment banks and legal and other advisors.  Some of its well-known products and brands include Mergermarket, Debtwire, Xtract Research, Creditflux and the Dealogic platform.

Proceeds from the new issuance were used to partially prepay amounts drawn under the issuers’ senior secured credit facility and for general corporate purposes.

J.P. Morgan Securities LLC acted as global coordinator and joint bookrunner and Standard Chartered Bank acted as a joint bookrunner.

The Milbank team was led by European Leveraged Finance/Capital Markets partners Apostolos Gkoutzinis and Randy Nahle and included associates Andrea Sorace and Lefteris Dafermos and paralegal Panos Apostolidis. Special counsels Joji Ozawa and Trevor Truman and associates Varun Natteri Mangadu and Iakovos Anagnostopoulos also provided valuable assistance on the offering.