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Summer Holdco Issues €1.475 billion in Senior Notes

November 04, 2019

London - Paul Hastings LLP, a leading global law firm, announced that it has advised Morgan Stanley, Bank of America Merrill Lynch and Goldman Sachs as global coordinators for the high-yield notes issuance of an aggregate of €1.475 billion Senior Secured Notes and Senior Notes by Summer (BC) Holdco B S.à r.l. and Summer (BC) Holdco A S.à r.l. The Notes were issued as part of the $3 billion financing package for the proposed Bain Capital’s acquisition of a majority stake in Kantar - a London-headquartered market research business with more than 30,000 employees in 100 countries - from British multinational advertising and public relations firm WPP.  The closing of the $1.4 billion Senior Facilities tranche is expected to occur by early December 2019.

The Paul Hastings team was led by London finance partners Luke McDougall, Peter Schwartz and Ed Holmes, with London finance associates Lauren Winter, Carlos Ruiz, Natasha Smith, Riccardo Maggi Novaretti, Andro Atlaga, Ludovico Giannotti and Lorenzo Colombi-Manzi assisting.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.