Latham Advises Hellman & Friedman and Verisure plc on Multiple High-Profile Financings Connected to Verisure’s €13.7 Billion IPO

Latham & Watkins advised Hellman & Friedman and Verisure plc (through Aegis Lux 1A) on multiple high-profile financings following Verisure’s recent €13.7 billion IPO in Stockholm. The transactions comprised two main components. First, Latham advised Hellman & Friedman on the offering by Aegis Lux 1A — which holds a minority equity interest in Verisure plc — of €1.0 billion 5⅝% / 6⅜% senior secured PIK toggle notes due 2031. This issuance represents Europe’s first public high‑yield bond secured by a minority equity stake in a recently listed portfolio company. Second, Latham advised Verisure on a senior secured debt financing package consisting of a €1.215 billion term loan A facility, a €1.25 billion syndicated term loan B facility, and a €950 million multi‑currency revolving credit facility. The new facilities were put in place to refinance certain existing senior secured indebtedness and for other corporate uses, and include tailored post‑IPO covenant terms to provide Verisure with enhanced flexibility and liquidity going forward. Latham & Watkins represented Hellman & Friedman and Verisure plc with a team composed by: London partners Dominic Newcomb, Matthew Schneider and Hayden Teo; and associates Farisha Khan, Alexander Kartyshev, Felix Buddee, Yao Lin, Jing Wang, Andrew Liu, Andrew O’Neill and Hue Pham.

Latham Advises Hellman & Friedman and Verisure plc on Multiple High-Profile Financings Connected to Verisure’s €13.7 Billion IPO

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