LONDON, November 25, 2024 – Leading international law firm Proskauer announced that it advised the placement agents and purchasers in connection with Project Grand (UK) plc’s private placement of €50,000,000 in aggregate principal amount of 9% Sustainability-Linked Senior Secured Notes due 2029 (the “Additional Notes”). Project Grand (UK) is the parent company of Purmo Group, and is majority owned by funds managed by Apollo Global Management and Rettig Oy Ab.
The Additional Notes were issued with the same terms and are expected to be fungible with its existing 9.000% sustainability-linked senior secured notes due 2029, which were first issued on July 16, 2024 to help finance the take-private acquisition of Purmo Group.
The high yield bond process was led by partners Jake Keaveny and Courtland Tisdale, and involved associates Yi Wei, Pierfrancesco Bencivenga and Rana Khan (Capital Markets, Global Finance).
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