November 19, 2021

Milbank Advises the Initial Purchasers in Connection with SIG plc’s £300M Debut High Yield Bond Offering and £50M Revolving Facility Agreement


Milbank LLP has advised the initial purchasers in connection with SIG plc’s (“SIG”) offering of €300 million 5¼% Senior Secured Notes due 2026 and related £50 million revolving credit facility agreement. SIG used the proceeds of the Offering to complete a refinancing of a portion of its indebtedness and for general corporate purposes.

SIG is a publicly listed, leading supplier of specialist building products and solutions to trade customers across the United Kingdom, Ireland and mainland Europe, with strong market positions and brand recognition in its core markets as a specialist distributor of insulation and interiors products and as a merchant of roofing and exteriors products.

The Milbank team was led by European Leveraged Finance/Capital Markets partner Apostolos Gkoutzinis, special counsel Trevor Truman, associate Chara Makrygianni and legal assistant Panos Tsezos. The team also included European Leveraged Finance/Capital Markets partner Miko Bradford, associates Tom Neilson, Bie Cookey, Michael Poolton and George Williams, and trainee Eleanor Cripps as to certain English law matters, London Tax partner Russell Jacobs and associate Cosmos Fung, and New York Tax partner Eschi Rahimi-Laridjani and associate Benjamin Heller.