Milbank LLP advised Salt on the repricing of its term loan Facility B and the offering of €100 million aggregate principal amount of its 3.125% Senior Secured Notes due 2026 as additional notes under its existing indenture through a private placement. The additional notes were priced at 101.5% of their aggregate principal amount and the proceeds of the offering were used to prepay a portion of the term loan Facility B.
The Milbank team was led by Global Leveraged Finance/Capital Markets partners Rebecca Marques and Sarbajeet Nag with support from associates Andrew Bechtel, Serguei Chevtchenko and Philipp Engel.
