Milbank, Tweed, Hadley & McCloy LLP has advised Goldman Sachs International and BNP Paribas as initial purchasers in connection with Parts Europe S.A.’s (formerly Autodis S.A.) offering of €175 million Senior Secured Floating Rate Notes due 2022. The net proceeds of the bond offering were, or will be, used to fund the redemption of €72 million in aggregate principal amount of Parts Europe’s Senior Secured Floating Rate Notes due 2022, to repay all amounts drawn under Parts Europe’s revolving credit facility, and for general corporate purposes.
Parts Europe, a portfolio company of Bain Capital, is a leading aftermarket light vehicle spare parts distributor and truck spare parts distributor and repairer in Western Europe, mainly active in France, Benelux and Italy.
The Milbank team was led by London Global Leveraged Finance/Capital Markets partners Rebecca Marques and Alexandra Grant, with associates Felipe Lima, Serguei Chevtchenko and Sarah Findlay. The team also included London Tax special counsel Matthew Mortimer and New York Tax associate Jules Mugema.
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