Milbank LLP advised Yoda PLC in connection with its issuance of senior secured convertible bonds due 2025 (the “Convertible Bonds”) initially subscribed by One Investment Holdings (UK) Limited in a private placement.
The Convertible Bonds bear cash and PIK interest and are convertible into fully paid ordinary shares on, inter alia, maturity or following their redemption by Yoda PLC.
Yoda PLC is listed on the Cyprus Stock Exchange and invests in a diversified portfolio in terms of geography, strategy and lifecycle (including investments in the areas of real estate, technology, shipping and healthcare). The proceeds of the Convertible Bonds will be used for general corporate purposes, which will allow Yoda PLC to diversify even further its portfolio, structuring investments that will generate significant returns to shareholders by capitalizing on current market conditions.
The Milbank team was led by partners Apostolos Gkoutzinis, Andrej Wolf and Ana Grbec, with associates Stefanos Serfas, Drew MacDonald and Dionysis Diamantatos.
