Leading international law firm Freshfields Bruckhaus Deringer has advised Worldpay Group plc (“Worldpay”) on its inaugural bond offering of €500 million 3.75% senior notes due 2022 (the “Notes”), issued by Worldpay’s wholly owned subsidiary, Worldpay Finance plc.
The net proceeds from the issue and sale of the Notes were used to partially repay certain of its existing indebtedness and related costs, fees and expenses. The notes are guaranteed on a senior unsecured basis by Worldpay and certain of its subsidiaries. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on 10 November 2015.
Worldpay is a London Stock Exchange listed company and is a leader in global payments processing technology. It operates reliable and secure proprietary technology platforms that enable customers to accept a vast array of payment types, across multiple channels, almost anywhere in the world.
The Freshfields team was led by partner Ward McKimm (London-Finance), Co-Head of European Leveraged Finance, who was assisted by associates Chris Capuzzi (London-Finance), Gordon Houseman (London-Finance) and Shruti Dusaj (London-Finance). Partner Geoff O’Dea (London-Finance), associate Nenka Berberova (London-Finance) and trainee Chris Yarrow (London-Finance) advised on English-law aspects. Partner Thijs Flokstra (Amsterdam-Finance) and associate Tim Elkerbout (Amsterdam-Finance) advised on Dutch law aspects. Partner Robert Scarborough (New York-Tax) and associate David Mitchell (New York-Tax) advised on the US tax aspects of the transaction and partner Paul Davison (London-Tax) and trainee Calum Mulderrig (London-Tax) advised on the UK tax aspects of the transaction. Partner Michael Raffan (London-Corporate), associates Hyder Jumabhoy (London-Corporate), John Risness (London-Corporate) and Jocelyne Kelly (London-Finance) also provided assistance on the transaction.