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A&O Shearman advises on Verisure's EUR1.05 billion refinancing
Published Date
Jun 14, 2024
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A&O Shearman has advised a consortium of nine banks in connection with the issuance of EUR525 million 5.5% Senior Secured Notes due 2030 by Verisure Holding AB (publ) (“Verisure”) and a concurrently priced additional EUR525 million term loan B facility.
The use of proceeds was to repay drawings under Verisure’s existing Revolving Credit Facility, repay in full its 2020 term loan, fund cash to balance sheet and pay related transaction fees.
Verisure is a leading provider of monitored alarms for residential households and small businesses, with a portfolio of approximately 5.2 million customers across 17 countries in Europe and Latin America.
The A&O Shearman team was led by high yield partner Brad Weyland and leveraged finance partner Nicholas Clark, supported by associates Irene Mainar Borao, Yasmin Love, Silvia Montanya and Ariel Aiash, and trainee Jonathon Macnab.
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