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A&O Shearman advises Bite Group and Providence on a EUR920 million senior secured bond issuance and super senior revolving credit facility
Published Date
Jun 13, 2024
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A&O Shearman advises PLT VII Finance S.a r.l., the parent company of the Bite Group, and Providence Equity Partners on the issuance of EUR500 million senior secured floating rate notes due 2031 and EUR420 million 6% senior secured notes due 2031 and on the upsize and extension of its super senior revolving credit facility.
Providence, a premier private equity firm specializing in growth-oriented investments in media, communications, education, and technology, originally acquired Bite Group in 2016. Bite Group is a leading integrated mobile, fixed broadband and PayTV and media provider in the Baltic States.
Marc Plepelits, high yield partner in Frankfurt, Rita Nicole Thomas and Martin Schmidt, senior associates and Sonali Sharma, associate, led the team on the bond issuance. Nick Hallam, sponsor-side leveraged finance partner in London, Yasmin Joharchi, senior associate and Harry Rouse, associate, led the team on the revolving credit facility upsize and extension.
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