Milbank LLP advised lenders in the €240 million second lien facility in respect to the refinancing of the existing debt of Wittur, a worldwide leading producer and supplier of elevator components and a portfolio company of Bain capital.
The proceeds from the loan were used to refinance the company’s existing €225 million aggregate principal amount of 8.50% senior notes due 2023.
The Milbank team was led by London Global Leveraged Finance/Capital Markets partner Sarbajeet Nag with associates Rahul Chatterji and Francesca Mosely, and assisted by London Tax Special Counsel Matthew Mortimer and associate James Seddon, and Munich Tax Partner Thomas Kleinheisterkamp and associate Yasmin Holm.