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Milbank LLP represented the initial purchasers in connection with the offering by Rekeep S.p.A. of €360 million in aggregate principal amount of senior secured notes due 2029 and the lenders in connection with Rekeep’s new super senior revolving credit facility. Rekeep used the proceeds from the offering, along with cash on balance sheet, to redeem in full its €370 million senior secured notes due 2026 and pay related fees and expenses.
Rekeep is a leading provider of facility management and laundering and sterilization services in Italy, with strong or developing positions in other countries, including Poland, France, Turkey and Saudi Arabia. Rekeep provides non-discretionary integrated facility management services, including building and plant maintenance, energy and cooling-related technical services, cleaning, catering, laundering and sterilization, as well as a variety of specialist services to healthcare providers.
The Milbank team was led by European Leveraged Finance/Capital Markets partners Apostolos Gkoutzinis, Rebecca Marques and Laura Bonamis, and associates Stefanos Serfas, Matteo Bonacina, Simeon-Henri de Vries, Maxwell Short, Harshil Bansal and Luca Mirabile. The team also had assistance from Tax partner Andrew Walker and associate Blake Rocks.
