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RESIDOMO Completes €680 Million Senior Secured Notes Offering

13 Oct 2017

Simpson Thacher represented RESIDOMO, s.r.o., a Blackstone and Round Hill Capital portfolio company, in connection with a Rule 144A and Regulation S offering of €680 million in aggregate principal amount of its 3.375% Senior Secured Notes due 2024. RESIDOMO also entered into a CZK 520 million (approximately €20 million) super senior revolving credit facility agreement. The transaction closed on October 13, 2017. RESIDOMO used the net proceeds from this offering primarily to repay the outstanding borrowings under its existing senior facilities and make a distribution to its shareholders.

RESIDOMO is a leading private rental housing provider in the Czech Republic and one of the largest in Central and Eastern Europe, measured by the number of apartments owned and managed.

The Simpson Thacher team included Gil Strauss, Wim De Vlieger, J. Hillyer Jennings, Anna Pollak and John Lim (Capital Markets); and Antti Pesonen, Kavita Davis and Alexander Volsky (Credit).

Matter Type
Banking & Finance - Capital Markets: Debt
Industry
Real Estate & Construction
News Category
Banking & Finance
Real Estate & Construction