![Milbank LLP [Suhrud Mehta]](https://www.milbank.com/a/web/euTXYYe9CYbrWe86ryopLD/8ADADw/mehta-suhrud-lon-web.jpg "Milbank LLP [Suhrud Mehta]")
![Milbank LLP [Katherine Williams]](https://www.milbank.com/a/web/gFDi5dG8M8jwecRHmtkEv3/8rHYtw/williams-katherine-lon-web.jpg "Milbank LLP [Katherine Williams]")
Milbank LLP has advised the arrangers in connection with Parts Europe’s implementation of a new €960 million term loan B facility and a €240 million revolving facility. The term loan B facility was used to redeem Parts Europe’s €580 million senior secured notes due 2025 and €380 million senior secured notes due 2027.
Parts Europe, owned by D’Ieteren Group, is an omni-channel distribution leader in the independent aftermarket for vehicles’ spare parts in Western Europe, mainly active in France, Spain, Italy and the Benelux.
The Milbank team was led by European Leveraged Finance/Capital Markets partners Laura Bonamis, Suhrud Mehta, Apostolos Gkoutzinis and Rebecca Marques, and associates Christopher Smith and Katherine Williams.
