Milbank LLP Advised Initial Purchasers On €250M Offering Of Senior Notes By Almirall, S.A.

Milbank LLP Advised Initial Purchasers on €250M Offering of Senior Notes by Almirall, S.A.

Milbank LLP advised the initial purchasers in connection with the offering by Almirall, S.A. of €250 million 3.75% senior notes due 2031.

Almirall used the proceeds from the offering together with cash in hand to redeem in full its €300 million senior notes due 2026 and pay related fees and expenses. Almirall is a global research-focused biopharmaceutical company with a leadership position in Europe, dedicated to medical dermatology offering a portfolio of products indicated for the treatment of psoriasis, atopic dermatitis, actinitic keratosis, acne and onychomycosis.

The Milbank LLP team was led by European Leveraged Finance/Capital Markets Rebecca Marques (Partner), and Irene Mainar Borao (Associate), and Aryan Agrawal (Associate). Advice was also provided on German law matters by Corporate Finance & Securities Philipp Kloeckner (Partner), and Nico Feuerstein (Associate), and Janik Brem (Associate). The team had assistance from Eschi Rahimi-Laridjani (Tax Partner), and Blake Rocks (Associate).

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