Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 30-01-2019 | Practice Area: | Debt Capital Markets |
| Deal Title: | Derwent London plc Private Placement of Notes | Industry: | Real Estate Investment & Services |
| Description: |
Slaughter and May advised Derwent London plc, a leading London property developer and investor, in relation to a note purchase agreement for the issue and purchase of GBP250 million private placement notes.
The notes were issued in January 2019 and consisted of GBP55 million Series C Notes due 2026 with a coupon of 2.68%, GBP93 million Series D Notes due 2029 with a coupon of 2.87%, GBP50 million Series E Notes due 2031 with a coupon of 2.97% and GBP52 million Series F Notes due 2034 with a coupon of 3.09%. The notes were placed with eight institutional investors. The proceeds were to be used to refinance existing financial indebtedness and for general corporate purposes.
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| Financial Center: | London | Value: | 0.00-0.00 |
| Advised Party: | Issuer | Law Firm | Slaughter and May |
| Issuer Jurisdiction | United Kingdom | Listing Jurisdiction | United Kingdom |
| Classification: |
Corporate Bonds Senior Debt |
Lawyer | Matthew Tobin |
