Milbank LLP represented the initial purchasers, led by Deutsche Bank Aktiengesellschaft, in connection with Tendam Brands, S.A.U.’s (“Tendam”) offering of €300 million floating rate senior secured notes due 2028 (the “Offering”). The initial purchasers also included Société Générale, BNP Paribas, Crédit Agricole Corporate and Investment Bank, CaixaBank, S.A., Banco Bilbao Vizcaya Argentaria, S.A., Intesa Sanpaolo S.p.A., and Banco de Sabadell, S.A.
Milbank LLP also advised Société Générale, Sucursal En España, Instituto De Crédito Oficial, Entidad Pública Empresarial, Crédit Agricole Corporate And Investment Bank, Sucursal en España, Banco Bilbao Vizcaya Argentaria, S.A., Caixabank, S.A., Intesa Sanpaolo S.P.A., BNP Paribas SA, Deutsche Bank AG and Banco de Sabadell, S.A. as lenders in connection with Tendam’s €305 million senior facility agreement.
The gross proceeds from the Offering, together with proceeds from the €130.85 million syndicated term loan facility established under the senior facilities agreement and cash on balance sheet, were used to redeem in full Tendam’s existing notes and pay related costs and expenses.
Tendam is one of Europe's leading groups in the industry of specialised fashion, backed by its track record, experience, and growth during its 140 years of history.
The Milbank team was led by European Leveraged Finance/Capital Markets partner Rebecca Marques, associates Chara Makrygianni and Santiago Barraza Lopez and legal assistant Matteo Bonacina. The team also included European Leveraged Finance/Capital Markets partner Alexandra Grant, special counsel Laura Bonamis, associates Abbey Dalgleish and George Williams, New York Tax partner Andrew Walker, special counsel Craig Cohen and associate David Hanno, as well as London Tax partner Russell Jacobs and associate Fareed Muhammed.
