Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, advised Arrow Global Group plc (Arrow Global) on the issue by Arrow Global Finance plc of EUR 225 million senior secured floating rate notes. The notes are governed by New York law and were offered to investors in the US under a private placement exemption under the US Securities Act as well as to investors outside the US. Goldman Sachs International acted as sole bookrunner and global coordinator for the issue, with The Royal Bank of Scotland plc and Lloyds Bank plc as co-managers.

The net proceeds of the issue are proposed to be used to fund the acquisition of the Capquest group announced on 24 September 2014 (on which Slaughter and May is also advising) as well as to repay part of Arrow Global’s revolving credit facility.

CONTACTS

Financing: Guy O'Keefe (partner), Oliver Wicker (associate), George Silber (associate); Capital Markets: Susannah Macknay (partner), James Foster (associate), Raghav Ghai (associate).

Paul, Weiss, Rifkind, Wharton & Garrison LLP: Mark Bergman (partner), Nitin Konchady (associate), Alex Horstmann (associate).