PizzaExpress’ £335 Million Refinancing

In UK Kirkland & Ellis, advised on the matter.

Kirkland & Ellis advised PizzaExpress with a team including Morgan Hill (Debt Capital Markets), Thomas Jemmett (Restructuring & Insolvency), Sean Lacey (Restructuring & Insolvency), Matthew Merkle (Debt Capital Markets), Finance), Neel Sachdev (Finance).

Ogier LLP advised PizzaExpress with a team including

The proceeds from the new bonds were used to refinance the group’s existing debt, representing a significant milestone for the leading restaurant chain, which has 363 sites across the UK, Ireland and the Channel Islands.

PizzaExpress is a restaurant group based in the United Kingdom and owned by a group of bondholders.

The Ogier team was led by banking and finance partner Bruce MacNeil (Picture), with assistance from managing associate James Lydeard and associate Sophie Treanor. Additional listing advice was provided by senior associates Lucy Chambers and Emily Renouf of the Ogier listing team.

Kirkland fielded a multi-disciplinary team led by partners Matthew Merkle and Neel Sachdev together with capital markets partner Morgan Hill and associate Brando Cremona; debt finance associates Kanesh Balasubramaniam, Jerome Hoyle and Marco Bagnato and restructuring partners Sean Lacey and Thomas Jemmett and associate Krista Sirola.

Involved fees earner: Marco Bagnato – Kirkland & Ellis; Kanesh Balasubramaniam – Kirkland & Ellis; Brando Cremona – Kirkland & Ellis; Morgan Hill – Kirkland & Ellis; Jerome Hoyle – Kirkland & Ellis; Thomas Jemmett – Kirkland & Ellis; Sean Lacey – Kirkland & Ellis; Matthew Merkle – Kirkland & Ellis; Neel Sachdev – Kirkland & Ellis; Krista Sirola – Kirkland & Ellis; Lucy Chambers – Ogier LLP; James Lydeard – Ogier LLP; Bruce MacNeil – Ogier LLP; Emily Renouf – Ogier LLP; Sophie Treanor – Ogier LLP;

Law Firms: Kirkland & Ellis; Ogier LLP;

Clients: PizzaExpress;

Author: Giulia Di Palma