Loyens & Loeff Luxembourg advised the Initial Purchasers on Sani/Ikos group inaugural secured notes issuance
We advised the initial purchasers in relation to the debut offering by Sani/Ikos Financial Holdings 1 S.à r.l..
We assisted the initial purchasers alongside Milbank LLP in relation to the debut offering by Sani/Ikos Financial Holdings 1 S.à r.l., a Luxembourg limited liability company, of EUR 300 million 5 5/8% senior secured notes due 2026.
Sani/Ikos is an innovative and rapidly growing group of five-star luxury hotels in Greece and Spain classified amongst the top luxury hotels in Europe and worldwide.
The proceeds of the offering will be used to fund general corporate purposes, to prepay a portion of Sani/Ikos’s outstanding debt, and to pay fees and expenses incurred in connection with the recently completed business combination of Sani Resort and Ikos Resorts and the offering.
The Loyens & Loeff team led by capital markets lawyers Cédric Raffoul (Partner), Sixtine Auguet (Associate) and Ignacio Jimenez Guardiola (Associate) with support of Willem Bon (Partner) and Nadège Le Gouellec (Counsel) for the tax aspects, drafted and negotiated the Luxembourg security package and a legal opinion, as well as negotiated and reviewed various notes documents such as the Offering Memoranda, the Purchase Agreement, the Notes Indenture and the Luxembourg corporate approvals in connection with the Luxembourg subsidiaries acting as security providers to the notes.
Ignacio Jiménez GuardiolaAssociate Attorney at law
Ignacio Jiménez Guardiola, associate, is a member of the Banking & Finance Practice Group in our Luxembourg office and a member of the Restructuring Team. He focuses on secured lending, including acquisition and real estate finance and in capital markets transactions.T: +352 466 230 615 E: [email protected]
Willem BonPartner Tax Adviser
Willem Bon, partner, is a member of the Tax Practice Group in our Luxembourg office. He focuses on cross-border tax issues, advising mainly multinational enterprises, investment funds, as well as wealthy individuals and families.T: +352 466 230 214 E: [email protected]