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A&O advises Galileo on significant refinancing

Allen & Overy has advised Galileo Global Education in relation to the refinancing of its existing first and second lien term loan facilities and revolving facility.

Galileo Global Education is a leading, international provider of higher education with an offer that spans from applied arts, fashion, design and digital/Internet to business and medicine. Through its network of 45 schools, the group is present in over 85 campuses in 13 countries around the world and has over 120,000 enrolled students.

The refinancing consisted of a EUR1 billion senior secured term loan and EUR165 million multicurrency revolving facility. In London, the transaction was led by leveraged finance partner Neil Sinha with senior associate Nick Hallam and associates Chris Watkins and Adam Chambers and in Paris, the lead partner was Adrian Mellor assisted by senior associate Asha Sinha.

A&O has a long history of advising Galileo Global Education on its financing arrangements, including on its 2019 refinancing which was structured as a portable TLB financing and remained in place when acquired by a consortium of investors consisting of CPP Investments, Montagu, Téthys Invest and Bpifrance as reported in March 2020. Neil Sinha and Nick Hallam led the A&O team on the 2019 refinancing.