Conyers Dill & Pearman

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Conyers Dill & Pearman advises Stonegate Pub on the issue of £400m senior secured notes

Conyers Dill & Pearman has provided Cayman legal advice to Stonegate Pub Company in connection with the inaugural high-yield notes offering through its subsidiary Stonegate Pub Company Financing of £260m 5.75 per cent senior secured notes due 2019 and £140m 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 £25m revolving credit facility provided to Stonegate by Barclays Bank.

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

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

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10 Dominion Street
London
EC2M 2EE
UK
http://www.conyersdill.com

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