Waselius advised the initial purchasers in connection with the Finnish law aspects of the debut offering of $1 billion 7.250% Senior Secured Notes due 2031 and $500 million 8.125% Senior Notes due 2032. Waselius has also advised the lenders on the Finnish law aspects of the amendment and restatement of Howden’s existing credit agreement, the establishment of a new $2.925 billion first-lien dollar term loan and a new €900 million first-lien euro term loan, along with the increase of its revolving credit facility to £630 million.
Howden is a leading global insurance intermediary group operating in 50 countries across Europe, Africa, Asia, the Middle East, Latin America, the U.S., Australia and New Zealand, employing 16,000 people and handling $38 billion of premium on behalf of clients.