Milbank LLP has advised PeopleCert Wisdom Issuer plc in connection with its debut offering of €300 Million 5.75% senior secured notes due 2026 (the “Offering”).
The proceeds from the Offering will be used to refinance indebtedness and accrued interest thereon incurred by PeopleCert Wisdom Limited to finance the acquisition of Axelos Limited, and to pay transaction costs associated with the Offering.
PeopleCert is a global leader in Project Management and IT qualifications. It designs, develops, manages and delivers certifications and exam-based assessments for a wide range of information technology, project management and language qualifications and skills, organizing and carrying out, directly or through its agents, the entire spectrum of certification and exam-based assessment services. The Axelos acquisition represents a major milestone for PeopleCert and is fully aligned with its strategy to accelerate growth and further establish its leadership position in the professional skills and languages certification markets.
The Milbank team was led by European Leveraged Finance/Capital Markets partner Apostolos Gkoutzinis, and associates Dimos Papanikolaou and Lefteris Dafermos and paralegal Matteo Bonacina. The team also included London Tax partner Russell Jacobs and Tax associate Cosmos Fung and New York Tax partner Andrew R. Walker and associate Benjamin Heller.
