A&O advises the initial purchasers in connection with Verisure’s EUR450m high yield bond issuance
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30 January 2023
The transaction, which launched and priced same day, was upsized by EUR100 million after launch. Verisure will use the net proceeds of the offering to repay drawings under its revolving credit facility and fund cash to its balance sheet.
The transaction was led by London high yield and leveraged finance partner Brad Weyland, senior associate Angela Ryu and associates Qi Xie and Ariel Aiash.
London partner Nicholas Clark and associate Simba Gonondo, and Paris partner Jean-Christophe David, senior associate Asha Sinha and associate Dusan Vukanovic also advised on the transaction.