February 10, 2020

Milbank Advises Together on Its £435M Senior Secured Notes Offering


A Milbank LLP team led by European Leveraged Finance/Capital Markets partner Rebecca Marques has advised Together, one of the UK’s leading specialist mortgage and secured loan providers, on a new notes offering.

Milbank advised Together on the issuance by its subsidiary Jerrold FinCo plc (the “Issuer”) of its £435 million aggregate principal amount of 4⅞% Senior Secured Notes due 2026.

The proceeds from the offering have been, or will be, used to refinance the Issuer’s £375 6¼% Senior Secured Notes due 2021, to repay a portion of the company’s revolving credit facility, to pay related fees and expenses and for general corporate purposes. This issuance is Together’s eighth high yield capital markets transaction led by Rebecca Marques.

In addition to Ms. Marques, the team included special counsel Ana Grbec and associates Kenneth Ryan, Ignacio Perez Bessio, Philipp Engel and Nina Marot. The team also included New York Tax partner Andrew Walker and associate Archan Hazra, London Tax partner Russell Jacobs and associate James Seddon and New York Alternative Investments Practice partner Catherine Leef Martin and associate Grace Nealon.