![Milbank LLP [Panos Tsezos]](https://www.milbank.com/a/web/oLhqmdzBhKfC71eQyK1D4W/8MnZdz/tsezos-panos-lon-web-4867-3502-0692-v1.jpg "Milbank LLP [Panos Tsezos]")
Milbank LLP represented Jaguar Land Rover Automotive plc (“JLR”) on its offers to purchase for cash any and all of its outstanding 6.875% senior notes due 2026, 5.875% senior notes due 2028 and 5.500% senior notes due 2029. The tender offers were abbreviated tender offers with a waterfall feature, whereby the three series of notes were assigned an acceptance priority level and JLR’s obligation to repurchase a particular series of notes was conditioned on the aggregate repurchases not exceeding a specified cap.
JLR is a subsidiary of Tata Motors Limited and designs, develops, manufactures and sells Jaguar and Land Rover vehicles and related parts, accessories and merchandise, and services. The Milbank team has worked on all bond offerings of the automotive company since its inaugural offering in 2011.
The team was led by European Leveraged Finance/Capital Markets partners Apostolos Gkoutzinis and Randy Nahlé and included associates Vasujith Ram, Rishi Ray, Christos Karavias and Panos Tsezos.
