John Laing Group Completes Refinancing Transaction
12.18.23
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Simpson Thacher represented John Laing Group Limited, controlled by funds advised by KKR, in connection with its refinancing transaction. In particular, the new financing for John Laing includes a notes shelf facility, with future notes to be issued as additional series under the shelf facility agreement. The initial notes issuance comprised the private placement of four tranches of Senior Secured Notes for an aggregate amount of approximately €185 million and $25 million. The proceeds from this financing arrangement were used to partially repay existing financial indebtedness.
John Laing is a leading international investor which develops and owns mid-market infrastructure assets across the U.K. & Europe, North America, Latin America and Australia.
The Simpson Thacher team included Gil J. Strauss, Srishti Gupta and Charles English (Capital Markets); Claire Williams and Edward Godwin (Credit); Yash Rupal, Michael Mann, Phoebe Adams and Daisy Dai (Tax).