Milbank Advises Kier Group on Its Debut Bond Issuance

Milbank LLP advised Kier Group plc (“Kier”) on an offering of £250 million aggregate principal amount of senior notes due 2029 (the “Notes”). The proceeds from the offering will be used to partially prepay a portion of Kier’s existing credit facilities and private placement notes.

Kier is a leading UK infrastructure services, construction and property group providing specialist design, build capabilities and project management.

The Milbank team was led by Corporate Finance and Securities partners Apostolos Gkoutzinis and Rebecca Marques, associates Melanie Probst and Kristian Sutt, and law clerk Caroline Green. The team also included Tax partner Russell Jacobs and associate Jade Du Berry, and Corporate partner Andrew Nuthall, special counsel Andrew Reilly, associate Hannah Gong and trainee Eamon MacDonald.