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Conyers advises Stonegate Pub Company on the issue of ₤400 million Senior Secured Notes due 2019 and its entry into a new ₤25 million Revolving Credit Facility

May 2014 Richard D. Fear

Conyers Dill & Pearman (“Conyers”) provided Cayman legal advice to Stonegate Pub Company Limited (“Stonegate”) in connection with the inaugural high yield notes offering through its subsidiary Stonegate Pub Company Financing plc of ₤260 million 5.75% Senior Secured Notes due 2019 and ₤140 million Floating Rate Secured Notes due 2019. The Notes were guaranteed on a senior secured basis by Stonegate and its material subsidiaries. The offering, which was conducted pursuant to Rule 144A and Regulation S of the US Securities Act, closed on 11 April 2014. Conyers also provided Cayman legal advice to Stonegate in connection with a new ₤25 million Revolving Credit Facility provided to Stonegate by Barclays Bank PLC.

Stonegate was established in 2010 and is now the largest privately held managed pub operator in the UK with an estate of over 620 pubs and bars. Conyers has provided Cayman legal advice to the group since inception.

Richard Fear of Conyers' Cayman office advised on the matter, working alongside Simpson Thacher and Shearman & Sterling.

 


Richard D. Fear
Partner

CAYMAN ISLANDS   + 1 345 814 7759


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Deals & Transactions

Conyers advises Stonegate Pub Company on the issue of ₤400 million Senior Secured Notes due 2019 and its entry into a new ₤25 million Revolving Credit Facility

12 May 2014 Richard D. Fear

Conyers Dill & Pearman (“Conyers”) provided Cayman legal advice to Stonegate Pub Company Limited (“Stonegate”) in connection with the inaugural high yield notes offering through its subsidiary Stonegate Pub Company Financing plc of ₤260 million 5.75% Senior Secured Notes due 2019 and ₤140 million Floating Rate Secured Notes due 2019. The Notes were guaranteed on a senior secured basis by Stonegate and its material subsidiaries. The offering, which was conducted pursuant to Rule 144A and Regulation S of the US Securities Act, closed on 11 April 2014. Conyers also provided Cayman legal advice to Stonegate in connection with a new ₤25 million Revolving Credit Facility provided to Stonegate by Barclays Bank PLC.

Stonegate was established in 2010 and is now the largest privately held managed pub operator in the UK with an estate of over 620 pubs and bars. Conyers has provided Cayman legal advice to the group since inception.

Richard Fear of Conyers' Cayman office advised on the matter, working alongside Simpson Thacher and Shearman & Sterling.

 


Richard D. Fear
Partner

CAYMAN ISLANDS   + 1 345 814 7759


 

expertise

Corporate


JURISDICTION(S)

Cayman Islands


International Office(s)

Cayman Islands