Milbank Advises on KIKO’s €540M High Yield Bond Offering

Milbank LLP represented the initial purchasers in connection with the offering by Duomo BidCo S.p.A. (the parent company of KIKO S.p.A.) of €540 million senior secured floating rate notes due 2032.

KIKO used the proceeds from the offering to redeem in full its €500 million senior secured floating rate notes due 2031, repay drawn amounts under its revolving credit facility and pay related fees and expenses. KIKO is a leading Italian beauty brand with a global retail footprint of more than 1,300 stores. KIKO offers a diverse portfolio of high-quality makeup, skincare, haircare and fragrances products under the “KIKO Milano” brand. 

The Milbank team was led by Corporate Finance & Securities partner Rebecca Marques, and associates Stefanos Serfas, Luca Mirabile and Daniele Casa. Advice was also provided on English finance matters by European Leveraged Finance partner Laura Bonamis, and associates Katherine Williams and Elliot Francis. The team had assistance from Tax partner Eschi Rahimi-Laridjani and associate Seth Moreida.