Milbank, Tweed, Hadley & McCloy LLP has advised S.P.C.M. SA (as "Issuer"), the holding company for SNF Group, in connection with its issuance of US$500 million 4.875% Senior Notes due 2025.
Proceeds from the new issuance were used to redeem the Issuer's existing US$250 million Senior Notes due 2022, to repay its senior revolving credit facility in full and for general corporate purposes.
Bank of America Merrill Lynch and BNP Paribas acted as Joint Physical Bookrunners, and Co-Managers were Credit Agricole, Natixis and Société Générale.
The Milbank team was led by London Capital Markets partner Tim Peterson, with associate Alastair Gillespie. New York partner Eschi Rahimi-Laridjani and associate David Hanno advised on US Tax law and London special counsel Matthew Mortimer and associate Luke Vassay advised on EU Tax.
