Aurum Group’s £265 million High-Yield Bond Offering


Paul, Weiss advised Aurum Group on the deal

Aurum Group, an Apollo-owned retailer of luxury watches and jewelry, raised £265 million from a first-ever issuance of senior secured notes due 2023, with a portion of the proceeds used to refinance its existing term loan. Aurum Group also entered into a £40 million super-senior asset-based lending facility in the UK and a $60 million asset-based lending facility in the U.S.

Aurum Group Ltd. operates a network of showrooms that sell diamond jewelry, jewelry brands, and fashion and prestige watches. The company, led by Jurek Piasecki is based in Leicester.

The Paul, Weiss team included finance partners Gregory Ezring (Picture) and Brad Finkelstein; finance counsel David Carmona and Caith Kushner; and securities counsel Patricia Vaz de Almeida. Tax advice was provided by partner Brad Okun.

Involved fees earner: Gregory Ezring – Paul Weiss Rifkind Wharton & Garrison; Brad Finkelstein – Paul Weiss Rifkind Wharton & Garrison; David Carmona – Paul Weiss Rifkind Wharton & Garrison; Caith Kushner – Paul Weiss Rifkind Wharton & Garrison; Patricia Vaz de Almeida – Paul Weiss Rifkind Wharton & Garrison; Brad Okun – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Aurum Group Ltd;