Milbank, Tweed, Hadley & McCloy LLP has advised Bracken Midco1 plc (the "Issuer") on the offering of its £350 million aggregate principal amount of 8⅞% / 10⅜% Senior PIK Toggle Notes due 2023.
The proceeds from the offering have been used, among other things, to refinance the Issuer's Senior PIK Toggle Notes due 2021 issued in November 2016, to provide its shareholder with the funds required to redeem its outstanding loan notes and to make a distribution to its shareholder.
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The Milbank team was led by London Leveraged Finance/Capital Markets partner Rebecca Marques, with special counsel Ana Grbec and associates Kenneth Ryan and Darell Hayes. The team also included New York Tax partner Andrew Walker and associate Archan Hazra, London Leveraged Finance associates Danielle Brown and Joseph Richmond, New York Alternative Investments Practice partner Catherine Leef Martin and associate Megha Kalbag and London Corporate associate Cormac Kerins.
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