Kirkland & Ellis has advised Pizza Express on its offering of £335 million of bonds and entry into its new super senior revolving credit facility. The proceeds from the new bonds were used to refinance the group’s existing debt. Kirkland recently advised Pizza Express on its successful restructuring, and this refinancing represents a significant milestone for Pizza Express.
Founded in 1965, Pizza Express is a leading casual dining restaurant with 363 sites across the UK and Ireland.
Kirkland fielded a multi-disciplinary team led by partners Matthew Merkle and Neel Sachdev together with capital markets partner Morgan Hill and associate Brando Cremona; debt finance associates Kanesh Balasubramaniam, Jerome Hoyle and Marco Bagnato and restructuring partners Sean Lacey and Thomas Jemmett and associate Krista Sirola.