Milbank LLP has provided legal representation to the initial purchasers involved in Ardonagh Finco Limited’s recent bond offerings. The offerings include $225 million in 7 3/4% senior secured notes and €150 million in 6 7/8% senior secured notes, both due in 2031.
The funds raised from these offerings are intended for general corporate purposes. This includes potential acquisition opportunities and covering related fees and expenses.
Ardonagh is recognized as the largest independent insurance broker in the United Kingdom and ranks among the largest globally.
The legal team from Milbank was led by a partner, special counsel, and associates.
