FirstGroup plc’s $275 million notes offering

Slaughter and May has advised FirstGroup plc on its US private placement of $100,000,000 4.17% notes due 27 March 2025 and $175,000,000 4.29% notes due 27 March 2028.

The notes were placed with US institutional investors. The proceeds of the issuance were used towards the repurchase of FirstGroup’s existing £300,000,000 8.125 per cent. Bonds due 2018 on 28 March 2018.

Slaughter and May advised FirstGroup plc on the deal with a team led by Ed Fife (partner, in picture), assisted by Charlie McGarel-Groves (associate) and Charlotte Ferard (associate); on Tax law acted Sara Luder (partner) and Stephanie Baxter (associate).

Involved fees earner: Ed Fife – Slaughter and May; Charlie McGarel-Groves – Slaughter and May; Charlotte Ferard – Slaughter and May; Sara Luder – Slaughter and May; Stephanie Baxter – Slaughter and May;

Law Firms: Slaughter and May;

Clients: FirstGroup plc;