Kirkland & Ellis Advised FiberCop On €2.8 Billion Senior Secured Notes Offering

Kirkland & Ellis Advised FiberCop On €2.8 Billion Senior Secured Notes Offering

Kirkland & Ellis advised FiberCop in connection with its inaugural offering of senior secured notes amounting to €2.8 billion in aggregate principal.

The offering included:

• €1,200 million of senior secured notes due 2030,
• €900 million of senior secured notes due 2032, and
• €700 million of senior secured floating rate notes due 2031.

The proceeds of the offering were used to fund cash to FiberCop’s balance sheet, which will be available for general corporate purposes, including capital expenditures, potential refinancing of existing indebtedness, and to pay associated fees and expenses.

FiberCop’s shareholders include KKR Infrastructure, the Ministry of the Economy and Finance of Italy, Abu Dhabi sovereign investment fund ADIA, CPP Investments, and Italy’s infrastructure fund F2i.

The Kirkland & Ellis team included capital markets lawyers Marwa Elborai (Partner), Antoine Lebienvenu (Partner), Connor Anear (Associate), and Luca Meneghini (Associate); debt finance lawyers Sinead O’Shea (Partner), Jia Meng (Partner), Marco Convertini (Associate), Luca Misseroni (Associate), and Ashley Bannister (Associate); tax lawyers Peter Abbott (Partner), Ted Snell-Dyson (Associate), and Hugo Coleman (Associate); and corporate lawyers Alvaro Membrillera (Partner), Adam Wollstein (Partner), Mathias Dom (Associate), and Stefano Castoldi (Associate).

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