Milbank LLP has advised Together Financial Services Limited (“Together”), on a tap offering by its subsidiary Jerrold FinCo plc of its £120 million aggregate principal amount of 4⅞% Senior Secured Notes due 2026. This issuance is Together’s eleventh high yield capital markets transaction led by Rebecca Marques since 2013.
The proceeds from the offering are expected to be used, among other things, for general corporate purposes, to repay amounts outstanding under the revolving credit facility and to pay fees and expenses in connection with the offering.
Together is a specialist UK finance provider offering a wide range of specifically designed products, including short-term finance, auction finance, residential, buy-to-let and commercial mortgages and secured loans through its established distribution network.
The Milbank team was led by London Leveraged Finance and Capital Markets partner Rebecca Marques, with special counsel Ana Grbec and associates Anastasia Kontaxi, Stephanie Colquhoun, Abbey Dalgleish, Christopher Smith, Dionysis Diamantatos and paralegals Panos Maniatis and Lucia Torrisi. The team also included New York Tax partner Andrew Walker and associate Archan Hazra, New York Alternative Investments Practice partner Catherine Leef Martin and associate Megha Kalbag.
