Milbank Advises Lead Arrangers in €600 Million Refinancing by Leading French Medical Diagnostics Firm Sebia S.A.

LONDON, 19 December 2016 – Milbank, Tweed, Hadley & McCloy advised the mandated lead arrangers in the €600 million term loan B refinancing by France-based medical equipment maker Sebia S.A.

The transaction, which closed in December 2016, consisted of the repricing of an existing approximately €400 million senior facilities agreement and refinancing of an approximately €200 million second lien facility—resulting in a roughly €600 million repriced senior secured facility.

Sebia, which operates globally, designs and manufactures diagnostic medical equipment and instruments, as well as therapeutics and software.

The Milbank team was led by partner Suhrud Mehta, who also serves as co-managing partner of Milbank’s London office, with Leveraged Finance senior associate Alexandra Schofield and associate Danielle Brown; Capital Markets partner Mathias Eisen in the firm’s Frankfurt office; and Leveraged Finance partner Sarah Griffin in New York.