Latham & Watkins Advises TMD Friction on Issuance of €350 Million High‑Yield Bond

Latham & Watkins LLP has advised TMD Friction Group GmbH, a portfolio company of AEQUITA, on the inaugural issuance of 8.250% senior secured notes under New York law (144A/Reg S) in an aggregate principal amount of €350 million maturing in 2031. The transaction also included a super senior revolving credit facility with a volume of €35 million.

The Latham team was led by Debt Capital Markets partners Alexander Lentz and Rüdiger Malaun, with counsel Gregory Walker and associates Laura Neumann and Tobias Müller. Advice was also provided on banking and private credit matters by counsel Martina Eisgruber; and on tax matters by partner Ulf Kieker, with associate Henning Kleymann.