Latham & Watkins Advises Initial Purchasers on Issuance of €350 Million Senior Secured Notes by Takko Fashion GmbH

Latham & Watkins has advised the initial purchasers on the issuance of 10.25% senior secured notes due 2030 under New York law for a principal amount of €350 million. The notes will be listed on the International Stock Exchange. The transaction also included a Super Senior Credit Facilities Agreement with a volume of €203 million, consisting of a revolving facility and a letter of credit facility. 

The proceeds from the issuance of the new notes will be used to repay existing debt of the Takko Group.

The Latham team was led by debt capital markets partner Alexander Lentz and banking and finance partner Alexandra Hagelüken, with counsel Gregory Walker and Cora Grannemann and associates Laura Neumann, Tobias Müller, Anastasia Dressler, and Luca Brandi. Advice on tax matters was provided by partner Ulf Kieker, with associate Julia Wenzel.