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LONDON/NEW YORK – Milbank, Tweed, Hadley & McCloy LLP represented Goldman Sachs International, J.P. Morgan Securities plc and HSBC Bank plc as initial purchasers on the recent €230,000,000 high yield debt offering by Arrow Global.
The proceeds of the notes will be used to pay the purchase price for Arrow Global’ s acquisition of the InVesting Group, a leading consumer debt purchaser, asset management and outsourced collections provider based in the Netherlands and Belgium, to repay a portion of the amounts drawn under Arrow’s existing revolving credit facility and for general corporate purposes.
The cross-practice Milbank team was led by London Securities partner Stuart Morrissy, special counsel Trevor Truman and associates Meredith Hines and Nina van Limburg Stirum, and London Leveraged Finance partner Neil Caddy and associate Michelle Gilmore. The Milbank team also included Tax partner Andrew Walker and associates Jules Mugema and Luke Vassay.
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC. Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives.
