Milbank Represents Underwriters in €400,000,000 Financing for Arrow Global

Milbank, Tweed, Hadley & McCloy LLP represented J.P. Morgan Securities plc, Goldman Sachs International, HSBC Bank plc, DNC Markets, a division of DNB Bank ASA, ABN AMRO Bank N.V., Lloyds Bank plc, Morgan Stanley & Co. International plc, and The Royal Bank of Scotland plc (trading as NatWest Markets) as initial purchasers on the €400 million senior secured floating rate notes due 2025 issued by Arrow Global Finance plc.

The proceeds of the notes were used to redeem Arrow Global’s existing €335 million of senior secured floating rate notes due 2021 in full, with remaining proceeds used to partially repay the borrower's revolving credit facility.

The deal closed on March 29, 2017.

The Milbank team was led by Global Capital Markets partner Stuart Morrissy, London-based special counsel Trevor Truman and London-based associates Meredith Hines and Azzurra Camillieri.