Weil suggested its longstanding company and finance consumer Howden in reference to its debut providing of $1 billion 7.250% Senior Secured Notes due 2031 and $500 million 8.125% Senior Notes due 2032. Weil has additionally suggested Howden on the modification and restatement of its current credit score settlement, the institution of a brand new $2.925 billion first-lien greenback time period mortgage and a brand new €900 million first-lien euro time period mortgage, together with the rise of its revolving credit score facility to £630 million.
The work on Howden’s financing follows on from Weil’s recommendation to Howden on its acquisition and integration of TigerRisk Companions within the U.S. and, extra not too long ago, equity-structuring facets of its acquisitions of VLC within the Netherlands and NORTH Danger in Denmark.
Howden is a number one world insurance coverage middleman group working in 50 international locations throughout Europe, Africa, Asia, the Center East, Latin America, the U.S., Australia and New Zealand, using 16,000 individuals and dealing with $38 billion of premium on behalf of shoppers.
The Weil staff on the refinancing was led by London Excessive-Yield associate Andy Hagan, New York Finance associate Andrew Yoon and London Finance associate Patrick Brendon. The London-based staff included Excessive-Yield associates Sandra Fadel, Lorenzo Colombi-Manzi, David St-Onge and Roberto Storlazzi, Finance associates Abgail Kalonga, Shu Qin Low and Atty Abhyankar and trainee Deirdre Walsh; with company help from London Company associate Jonathan Wooden and affiliate Arisa Manawapat. The New York-based staff included Finance associates Christina Ramos, William Keller, Erik Zimmerman and Nicole Reynolds, with company help from affiliate Gracy Wang. U.Ok. Tax associate Oliver Walker and affiliate Akash Mehta suggested on U.Ok. tax issues, with U.S. tax recommendation from associate Devon Bodoh and affiliate Carlos Parra.
