Milbank LLP advised Together on the deal.
Together Financial Services Limited (“Together” or the “Company”), one of the UK’s leading specialist mortgage and secured loans providers, announced the issuance of £500 million in aggregate principal amount of 5.25% Senior Secured Notes due 2027 (the “Notes”), through its wholly owned subsidiary Jerrold FinCo plc (the “Issuer”). Following significant demand, the aggregate principal amount of the offering was increased to £500 million from the previously announced amount of £450 million. The gross proceeds of the offering of the Notes are expected to be used (i) to redeem, in full, the Issuer’s £350 million in aggregate principal amount of 6 1/8% Senior Secured Notes due 2024, (ii) to reduce drawn balances under the CABS Securitization, (iii) general corporate purposes and (iv) to pay associated fees and expenses.
The Milbank team included Rebecca Marques (Picture) and also included Ana Grbec and associates Ken Ryan, Maria Schweinberger, Stephanie Colquhoun, Nina Marot and Abbey Dalgleish. The team also included New York Tax partner Andrew Walker and associate Archan Hazra, London Tax partner Russell Jacobs and associate Steven Quinn and New York Alternative Investments Practice partner Catherine Leef Martin.
Involved fees earner: Stephanie Colquhoun – Milbank; Ana Grbec – Milbank; Archan Hazra – Milbank; Russell Jacobs – Milbank; Catherine Leef Martin – Milbank; Nina Marot – Milbank; Rebecca Marques – Milbank; Steven Quinn – Milbank; Kenneth Ryan – Milbank; Maria Schweinberger – Milbank; Andrew Walker – Milbank;
Law Firms: Milbank;