Slaughter and May, working as an integrated team with Clifford Chance LLP, advised NewDay in relation to its £425 million high-yield bond offering.

The transaction involved the issuance by Nemean Bondco plc, a newly-incorporated company, of £275,000,000 7.375% senior secured notes due 2024 and £150,000,000 senior secured floating rate notes due 2023. The notes were issued as part of the financing for the acquisition by Nemean Bidco Limited of NewDay Group Holdings S.à r.l., a holding company of the NewDay group.

Contacts

Richard Jones (partner), Oliver Storey (partner), Adam Burk (associate)