April 08, 2021
Latham & Watkins represented the
initial purchasers in connection with Canary Wharf Group Investment Holdings
plc’s issuance of £350 million 2.625% Senior Secured Notes due 2025, £300
million 3.375% Senior Secured Notes due 2028, and €300 million 1.750% Senior
Secured Notes due 2026 (the “Offering”) and its entry into a £30 million super
senior revolving credit facility. The notes have been designated as green bonds
and Canary Wharf Group intends to allocate an amount equal to the net proceeds
from the Offering to the financing and refinancing of its green asset pool.
Canary Wharf Group is the largest
London-based REIT focusing on the sustainable development, management and
ownership of an iconic collection of prime office and retail space and
build-to-rent apartments in Canary Wharf.
The Latham team was led by London partners
Jeff Lawlis, Steve Curtis, Dan Maze, and Shatha Ali, with associates Lyndy
Amato, Martin Corrigan, Olivia Molineux, Alistair McKechnie, Jess Donnellan,
and Delyth Hughes.