Cabot Credit Management’s €400 Million Note Offering

White & Case LLP has advised Cabot Credit Management Limited on the issuance of €400 million aggregate principal amount of Senior Secured Floating Rate Notes due 2024 by Cabot Financial (Luxembourg) II S.A.

The notes have been offered and sold pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, and listed on the Luxembourg Stock Exchange.

The gross proceeds of the offering will be used, along with cash on hand, to redeem in full Cabot Financial (Luxembourg) S.A.’s £80 million senior secured notes due 2021 and pay accrued interest thereon, redeem in full Cabot Financial (Luxembourg) II S.A.’s €310 senior secured floating rate notes due 2021 and pay premium and accrued interest thereon, and pay fees, expenses and commissions in relation to the offering of the notes.

The White & Case team which advised on the transaction comprised partners Monica Holden (Picture), James Greene and Jeremy Duffy (all London), local partner Hadrien Servais and counsel Willem Van de Wiele (both Brussels), and associates Patrick Clarke, Callie Wallace and Nico Nalbantian (all London) and Eline Souffriau (Brussels).

Involved fees earner: Patrick Clarke – White & Case; Jeremy Duffy – White & Case; James Greene – White & Case; Monica Holden – White & Case; Hadrien Servais – White & Case; Eline Souffriau – White & Case; Willem Van de Wiele – White & Case; Callie Wallace – White & Case;

Law Firms: White & Case;

Clients: Cabot Credit Management Group Ltd;