A&O Shearman Advises Banks on Groundbreaking Post‑IPO Financings for Verisure

"A&O Shearman advised a consortium of 15 banks on Verisure’s post-IPO financing package supporting its EUR13.7bn IPO. The transactions comprised a EUR950m multicurrency revolving credit facility, EUR1.215bn Term Loan A, EUR1.25bn Term Loan B and EUR1bn senior secured PIK toggle notes; term loans refinanced debt and the PIK notes funded a distribution to sponsor Hellman & Friedman."

A&O Shearman represented a consortium of 15 banks in connection with Verisure’s new financing package supporting the company’s recent EUR13.7 billion IPO, the largest in Europe since 2022 and the largest-ever European private equity-backed IPO. The financings included a EUR950 million multicurrency revolving credit facility, a EUR1.215 billion Term Loan A and a EUR1.25 billion Term Loan B, together with EUR1 billion of senior secured PIK toggle notes. The term loans were used to refinance existing indebtedness, while the PIK toggle notes funded a distribution to sponsor Hellman & Friedman. The revolving credit facility provides Verisure with additional flexibility and liquidity going forward. A&O Shearman represented a consortium of 15 banks in connection with Verisure's financings with a team composed by: Nicholas Clark, Partner, London; Alice Smith, Partner, London; Brad Weyland, Partner, London; Alex Charles, Counsel, London; Odysseas Theofanis, Senior Associate, London; Sophie Buchanan-Brown, Senior Associate, London; Kiddist Forsythe, Senior Associate, London; Majd Atalla, Associate, London; Adam W Harwood, Associate, London; Shruti Sethi, Associate, London; Hannah Gaffney, Trainee, London.

A&O Shearman Advises Banks on Groundbreaking Post‑IPO Financings for Verisure

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads