Milbank LLP advised eir on the offering of €350 million 1.75% Senior Secured Notes due 2024.

The proceeds of the offering of the notes will be used to prepay a portion of the company’s existing term loan. This transaction follows eir’s successful €1.15 billion bank/bond financing transaction in May 2019.

eir is the principal provider of fixed line telecommunications and the third largest mobile telecommunications provider in Ireland.

The Milbank team was led by London Leveraged Finance/Capital Markets partners Apostolos Gkoutzinis and Suhrud Mehta, with associates Andrew Bechtel, Kenneth Ryan, Serguei Chevtchenko, Francesca Mosely and Anastasia Kontaxi. The team also included New York tax partner Eschi Rahimi-Laridjani and associate Jules Mugema and New York leveraged finance partner Michael Bellucci and associate Ashley Rose.

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