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Latham Advises Syndicate of Banks on High Yield Bond of Progroup AG
March 22, 2024
German corporate finance team represents on issuance of notes in two tranches with a total volume of €750 million.
Latham & Watkins has advised the syndicate of banks on the offering of a bond in two tranches with a total volume of €750 million of Progroup AG. The notes include a tranche of €300 million Senior Secured Notes (5.125% p.a.) due 2029 and a tranche of €450 million Senior Secured Notes (5.375% p.a.) due 2031.
Latham represented Progroup AG with a corporate finance team led by Frankfurt partner Alexander Lentz and Munich partner Rüdiger Malaun, with Munich partner Christian Jahn, counsel Rainer Adlhart and associates Laura Neumann, Jannis Strotmann, and Tobias Müller.