Milbank LLP is advising the financing sources in relation to the €1 billion aggregate new debt facilities for DK Telekommunikations ApS (a holding company of the TDC Group) and for Nuuday (an operating company of the TDC Group). Proceeds of the opco and holdco facilities, along with a new equity contribution, will be used to refinance approximately €1,460 million of existing bonds of DKT Finance ApS.
The TDC Group is the largest telecommunications company in Denmark.
The Milbank team was led by European Leveraged Finance/Capital Markets partner Sarbajeet Nag, associates Michael Gatter and Suktika Banerjee and trainee Lauren Beattie.
