Globalworth Real Estate Investments Limited’s €550 million senior unsecured notes offering

Milbank, Tweed, Hadley & McCloy LLP advised Globalworth Real Estate Investments Limited on the establishment of its €1.5 billion EMTN Programme and the issuance threreunder of €550 million 3.000% senior unsecured notes due 2025.

The proceeds from the issue will be used for general corporate purposes. The notes have been listed on the regulated market of the Irish Stock Exchange. In addition, they are expected to be listed on the Bucharest Stock Exchange.

Deutsche Bank, J.P. Morgan, Morgan Stanley and UBS acted as the joint lead managers and bookrunners for the notes.

Globalworth is an AIM-listed real estate company active in Central and Eastern Europe and with main focus on Romania and Poland. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, through which it benefits from a strong rental income profile from high quality tenants from around the globe.

The Milbank team was led by Global Capital Markets partner Apostolos Gkoutzinis (picture) with special counsel Ana Grbec and associates Elizabeth McNichol in New York and Iakovos Anagnostopoulos in London. The team also included London Alternative Investments associate Azeem Sulemanzi. US tax advice was provided by associate Archan Hazra while English tax advice was provided by associate Luke Vassay.

Involved fees earner: Apostolos Gkoutzinis – Milbank; Ana Grbec – Milbank; Elizabeth McNichol – Milbank; Iakovos Anagnostopoulos – Milbank; Archan Hazra – Milbank; Luke Vassay – Milbank;

Law Firms: Milbank;

Clients: Globalworth Real Estate Investments Limited;