Almirall’s €300 Million Notes Offering

In UK Milbank LLP, advised on the matter.

Milbank LLP advised Banco Bilbao Vizcaya Argentaria (Argentina), Banco Santander Sa, Bank of America Securities, BNP Paribas, CaixaBank, J.P. Morgan Securities LLC with a team including Rebecca Marques (Picture – Debt Capital Markets).

BNP Paribas and J.P. Morgan AG acted as joint global coordinators and bookrunners, and Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A, BofA Securities Europe SA and CaixaBank, S.A. as joint bookrunners in the Almirall, S.A.’s offering of €300 million 2 ?% Senior Notes due 2026. The net proceeds of the bond offering are being used to repay existing indebtedness and for general corporate purposes.

The issuer is headquartered in Spain and is a leading international, vertically integrated pharmaceutical company engaged in the research and development, manufacturing and commercialization of pharmaceutical products, which consist primarily of prescription drugs.

The Milbank team was led by European Leveraged Finance/Capital Markets partner Rebecca Marques (Picture) and special counsel Trevor Truman, with associates Iakovos Anagnostopoulos, Anastasia Kontaxi and Vasujith Ram and paralegals Matteo Bonacina and Salma Farran. European Leveraged Finance/Capital Markets partner Mathias Eisen, with associates Thomas Moeller and Lara Milione, advised on German law matters. The team also included New York Tax partner Eschi Rahimi-Laridjani and associate David Hanno.

Involved fees earner: Iakovos Anagnostopoulos – Milbank LLP; Mathias Eisen – Milbank LLP; David Hanno – Milbank LLP; Anastasia Kontaxi – Milbank LLP; Rebecca Marques – Milbank LLP; Lara Letizia Milione – Milbank LLP; Thomas Moeller – Milbank LLP; Eschi Rahimi-Laridjani – Milbank LLP; Trevor Truman – Milbank LLP;

Law Firms: Milbank LLP;

Clients: Banco Bilbao Vizcaya Argentaria (Argentina); Banco Santander Sa; Bank of America Securities; BNP Paribas; CaixaBank; J.P. Morgan Securities LLC;

Author: Giulia Di Palma