Latham & Watkins Advises on Boots’ €650 Million and £375 Million Senior Secured Notes Offerings to Support Sycamore Partners’ Acquisition of Walgreens Boots Alliance

Latham & Watkins has advised the underwriters on the issuance by Boots Group Finco L.P and The Boots Group Luxco S.à r.l. of €650 million 5.375% Senior Secured Notes due 2032 and £375,000,000 7.375% Senior Secured Notes due 2032. The offerings will support Sycamore Partners previously announced definitive agreement to acquire Walgreens Boots Alliance. The total value of the transaction represents up to US$23.7 billion.

Latham & Watkins LLP represents the underwriters in the offerings with a corporate and Capital Markets team led by New York partners Michael Benjamin, Andrew Baker, Senet Bischoff, and Brittany Ruiz, with associates Shawn Quinn, Akina Newbraugh, and Skye Lee. Advice was also provided on finance matters by New York partners Nicole Fanjul and Victor Ludwig, London partner Tracy Liu, and New York counsel Kelly Egers with associates Julio Martinez Rivas, Victoria Basedow, Chi-Emeka Egwuagu, Fizza Hasan Ibrahim, and Alex Peters; on US tax matters by New York partner Bora Bozkurt, with associate Michael Yu and assistance from Jack Santoro; and on UK tax matters by London partner Karl Mah and counsel James Leslie, with associate Allegra Benitah.