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Milbank LLP advised Vía Célere Desarrollos Inmobiliarios, S.A.U. (“Vía Célere”) in connection with its offering of €320 million 4.875% senior secured notes due 2031 (the “Offering”) and new €60 million super senior revolving credit facility.
Vía Célere is one of Spain’s leading residential real estate developers. It is indirectly majority-owned by Värde Partners Inc., a leading global alternative investment firm specializing in credit and credit-related assets.
Vía Célere intends to use the proceeds from the Offering to repay certain of its existing indebtedness, fund general corporate purposes and pay related transaction costs.
The Milbank team was led by Corporate Finance and Securities partner Trevor Truman, with special counsel James Simpson, associate Agustin Videla and law clerk Antonio Teodorescu. The team also included European Leveraged Finance partner Sarbajeet Nag, associates Alex Taylor and James Aurelius, and trainee solicitor Eve Murphy. The team was also assisted by New York Tax partner Andrew Walker and associate Michelle Song.
