The transaction comprised a high-yield notes offering and borrowing under an incremental term loan as part of a refinancing

Davis Polk advised the initial purchasers in connection with Summer (BC) Holdco B S.à r.l.’s offering of €500 million aggregate principal amount of 5.875% senior secured notes due 2030 and €800 million aggregate principal amount of senior secured floating-rate notes due 2030 and the global coordinators in connection with the establishment of an incremental syndicated term loan facility in an aggregate principal amount of $500 million. 

The proceeds from the notes offering and borrowing under the term loan facility were used to fund the redemption of outstanding existing notes and the prepayment of amounts outstanding under the existing credit facilities, for general corporate purposes, and to pay certain fees and expenses in connection with the notes offering and refinancing.

Kantar Global Holdings S.à r.l. is the indirect parent company of Summer (BC) Holdco B S.à r.l. and Summer (BC) Bidco B LLC. Kantar, a portfolio company of Bain Capital Private Equity, LP, is an international market research company based in London, England. Kantar is a global leader in marketing data and analytics products and services.

Founded in 1984, Bain Capital Private Equity is one of the world’s foremost private investment firms, with approximately $185 billion under management across several asset classes, including private equity, credit, public equity, venture capital and real estate.

The Davis Polk capital markets and finance teams included partners Reuven B. Young and Luke McDougall, counsel Michael Taufner, European counsel John Taylor and associates Serdar Inci, Ludovico Giannotti, Annie Dulka and Shelby Young. All members of the Davis Polk team are based in the London office.

Copy link to share post