Inspired Education, a global operator of premium schools, has completed a €2.44 billion refinancing. The company operates more than 125 schools in 30 countries and serves over 95,000 students.
The refinancing is notable as it represents the largest outstanding euro-denominated term loan B for an issuer within the education sector to date. In addition to the euro-denominated facility, the financing package includes a new U.S. dollar-denominated term loan tranche.
According to the company, “final pricing was one of the most borrower-friendly B2/B rated issuances since February 2020.”
Paul, Weiss advised Inspired Education on this transaction. The legal team was led by corporate partners Kanesh Balasubramaniam and Neel Sachdev, along with associate James Tobin. Partner Alena Thomas and tax partner Rohit Pisal were also involved, as well as counsel Samir Kurani.