Milbank LLP represented the initial purchasers and the RCF lenders in connection with the offering by CABB of €625 million senior secured notes and the amendment and restatement of a €80 million super senior revolving credit facility, respectively. The proceeds from the bond offering were used to refinance existing senior secured indebtedness of CABB.
BofA Securities and Goldman Sachs Bank Europe SE acted as joint physical bookrunners. Commerzbank and Deutsche Bank as joint bookrunners.
CABB is a portfolio company of Permira and a leading contract development and manufacturing organization and fine chemistry manufacturer with global operations.
The Milbank team was led by European Leveraged Finance/Capital Markets partners Trevor Truman, Sarbajeet Nag and Apostolos Gkoutzinis, and associates Lefteris Dafermos, Kui To Joshua Mo, Aryan Agrawal, Despoina Mangel and Madeleine Long. For German law matters, the Milbank team was assisted by Adrian Müller-Achenbach and Thomas Moeller.