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Aurum Group, an Apollo Portfolio Company Based in the UK, Completes Refinancing, Issues First High-Yield Bond
- Client News
- April 18, 2018
Practices
Aurum Group, an Apollo-owned retailer of luxury watches and jewelry, raised £265 million from a first-ever issuance of senior secured notes due 2023, with a portion of the proceeds used to refinance its existing term loan. Aurum Group also entered into a £40 million super-senior asset-based lending facility in the UK and a $60 million asset-based lending facility in the U.S.
The Paul, Weiss team included, among others, finance partners Gregory Ezring and Brad Finkelstein; finance counsel David Carmona; and securities counsel Patricia Vaz de Almeida. Tax advice was provided by partner Brad Okun.