Milbank Advises Metlen on Its €600M Bond Offering

Milbank LLP represented Metlen Energy & Metals Single-Member S.A. (“Metlen”) and Metlen Energy & Metals PLC (“Parent”), a FTSE 100 company, in connection with Metlen’s bond offering of €600 million 3.875% senior notes due 2031. The bonds are guaranteed on a senior basis by the Parent. Metlen intends to use the proceeds from the offering to repay certain existing indebtedness, for general corporate purposes, and to pay fees and expenses related to the offering.   

Founded in 1908 and headquartered in Athens, Metlen is a leading industrial company with internationally diverse assets and operations. The Parent’s shares are listed on the London Stock Exchange (FTSE 100 Index) and the Athens Exchange, with a market capitalization of €6.5 billion. 

The Milbank team was led by Corporate Finance & Securities partners Apostolos Gkoutzinis and Trevor Truman, associates Stefanos Serfas and Harshil Bansal, and law clerk Federico Costantino. The team also included Tax partner Alan Rafferty, with associate Lily Teh.