Kirkland Advises FiberCop on €2.8 Billion Senior Secured Notes Offering

Kirkland & Ellis advised FiberCop in connection with its inaugural offering of €1,200 million in aggregate principal amount of senior secured notes due 2030, €900 million in aggregate principal amount of senior secured notes due 2032 and €700 million in aggregate principal amount of senior secured floating rate notes due 2031. The proceeds of the offering of the notes were used to fund cash to FiberCop’s balance sheet which will be available for general corporate purposes, which may include capital expenditures and the potential refinancing of existing indebtedness, and to pay any fees and expenses in connection with the offering. FiberCop’s shareholders are KKR Infrastructure, the Ministry of the Economy and Finance of Italy, Abu Dhabi sovereign investment fund ADIA, CPP Investments and Italy’s infrastructure fund, F2i.

The Kirkland team included capital markets lawyers Marwa Elborai, Antoine Lebienvenu, Connor Anear and Luca Meneghini; debt finance lawyers Sinead O’Shea, Jia Meng, Marco Convertini, Luca Misseroni and Ashley Bannister; tax lawyers Peter Abbott, Ted Snell-Dyson and Hugo Coleman; and corporate lawyers Alvaro Membrillera, Adam Wollstein, Mathias Dom and Stefano Castoldi.