Takko Group’s $510 Million High?Yield Fixed and Floating Rate Senior Secured Notes Offering

Cravath represented the initial purchasers, led by Deutsche Bank, Credit Suisse, UniCredit Bank and Crédit Agricole CIB, in connection with the €510 million 144A/Reg. S high?yield fixed and floating rate senior secured notes offering of Takko Luxembourg 2 S.C.A., a subsidiary of the Takko Group.

Takko Holding GmbH operates an apparel retail chain in Germany. The company, led by Michael Strehler, Thomas Helmreich, Andreas Kromer, Alexander Mattschull and Hannes Rumer, is based in Germany.

Application will be made to The International Stock Exchange Authority Limited for listing of and permission to deal in the notes on the Official List of the International Stock Exchange. The transaction closed on November 9, 2017.

The Cravath team included partner Philip J. Boeckman (Picture) and associates Bethany A. Pfalzgraf and Norman J. Walczak on securities matters, and partner Christopher K. Fargo and associate Dmitry Zelik on tax matters. Brian T. Bodensteiner also worked on securities matters.

Involved fees earner: Philip Boeckman – Cravath Swaine & Moore; Bethany Pfalzgraf – Cravath Swaine & Moore; Christopher K. Fargo – Cravath Swaine & Moore; Dmitry Zelik – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Crédit Agricole Corporate and Investment Bank; Credit Suisse; Deutsche Bank; UniCredit Bank AG;