LONDON, August 26, 2025 – Proskauer advised the financing sources in connection with the issuance of €1 billion (equivalent) of Senior PIK Toggle Notes by Platinum Equity portfolio company Urbaser, a global leader in environmental solutions.
The financing included the offering of $450 million of 12%/12 ¾% Senior PIK Toggle Notes due 2032 and €625 million of 10 ½%/11 ¼% of Senior PIK Toggle Notes due 2032.
The team previously advised on Urbaser’s debut high yield bond issuance in July, along with a syndicated Term Loan B and RCF, totaling $2.7 billion of syndicated financings.
Urbaser is a Spanish-headquartered global environmental infrastructure company focused on the provision of waste collection and treatment services.
The Proskauer team was led by partners Jake Keaveny (Capital Markets and Global Finance) and Courtland (Court) Tisdale, and included special finance counsel Morgan Hill and associates Pierfrancesco Bencivenga, Rana Ali Yar Khan and Michael Malvenda. Advice on US tax matters was provided by partner Martin Hamilton and associate Mary McNicholas (Tax).