Paul Hastings Advises Syndicate of Initial Purchasers on Alloheim’s €925 Million Debut High Yield Offering and RCF Financing

Paul Hastings LLP advised a syndicate of initial purchasers, led by Goldman Sachs, J.P. Morgan and SEB and including Mizuho, in connection with the successful offering of €925 million senior secured notes by Alloheim.

The notes comprise €400 million senior secured fixed rate notes due 2033 and €525 million senior secured floating rate notes due 2033. The proceeds of the notes were used to refinance Alloheim’s existing debt. The financing also consisted of a new super senior revolving credit facility of €125 million provided by certain affiliates of the initial purchasers.

Alloheim is owned by Nordic Capital and is Germany’s largest private care home operator.

Global Finance partners Patrick Bright, Ross Anderson, Fabio Pazzini and William Lam led the Paul Hastings team, which also included partner Dr. J. Melchior Raiser and associates Pierfrancesco Benedetti, Johannes Hilpert, Hee-Chan Kang, Tommaso d’Andrea di Pescopagano and Ben Regan.

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