Leading global law firm Mayer Brown represented Wilmington Trust, National Association as trustee and Wilmington Trust (London) Limited as security agent in connection with the issuance by TES Finance plc of £200,000,000 aggregate principal amount of 6.75% senior secured notes due 2020 and £100,000,000 aggregate principal amount of senior secured floating rate notes due 2020.
TES Finance plc is a wholly owned subsidiary of TSL Education Group Limited, the UK’s leading educational publisher. The high yield notes were sold to qualified institutional buyers pursuant to Rule 144A and in offshore transactions pursuant to Regulation S.
The London-based team of Mayer Brown lawyers was led by Corporate Trust & Agency specialist and Banking & Finance of counsel Gary Silverman and included Banking & Finance partners John Clark and Bernd Bohr.
