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Latham Advises Verisure on Its €1.05 Billion Secured Notes and TLB Issuance

June 5, 2024
London team represents issuer in the transaction.

Latham & Watkins has advised Verisure on the issuance of its €525 million 5.5% Senior Secured Notes due 2030 and the establishment of a new €525 million incremental term facility under its existing senior facilities agreement. The proceeds from the notes and term facility were used to refinance Verisure’s existing €800 million term loan maturing in 2026 and repay €200 million of drawings on its revolving credit facility.

The Latham team was led by London corporate partners Jocelyn Seitzman and Patrick Kwak, supported by associates Sean Stanton, Johanna Selberg, and Caroline Koller. Advice was also provided on finance matters by London partner Dominic Newcomb, supported by counsel Will Lam and associates Mark Walker and Luke Barratt.