iQera, a leading European debt servicer to third-party debt originators and debt purchaser in France and Italy announced the issuance of senior secured notes due 2024 for an aggregate principal amount of €200 million. The net proceeds from the issuance will be used to effect a partial refinancing of the iQera Group's existing debt (partial redemption of €75 million of its senior secured notes due 2024 and prepayment of amounts drawn under its revolving credit facility) and for general corporate purposes.
Latham & Watkins advised the iQera Group in this transaction with a team led by partner Thomas Margenet-Baudry assisted by Roberto Reyes Gaskin and Thibault Meynier on capital markets aspects and by partner Lionel Dechmann, with counsel Étienne Gentil, Aurélien Lorenzi and Anas Benmalek, on banking law aspects. Partner Olivia Rauch-Ravisé and Alexis Caminel advised on French tax law aspects. Partner Jocelyn Noll and Eric Kamerman advised on the US tax law aspects.