New Look Bondco I’s High‑Yield Senior Secured Debt Offering

Cravath represented the initial purchasers, led by Goldman Sachs International and J.P. Morgan Securities, in connection with the £808 million 144A/Reg. S high‑yield senior secured and floating rate senior secured debt offering of New Look Bondco I plc, a subsidiary of New Look Finance Limited, a leading fashion retailer. New Look is a portfolio company of a consortium of private equity sponsors including Apax Partners and Permira Advisers Limited. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on May 14, 2013.

The Cravath team included partner Philip J. Boeckman and associates Alan G. Grinceri, Wenying Zhang and Nikki Ann G. Guevarra. Erick Sablich also worked on this matter.