Skadden's City arm seals £1.3bn bond double
Skadden Arps Slate Meagher & Flom has advised insurance and financial products giant Generali Group on two major bond issues worth a combined value of £1.3bn - the biggest piece of work the firm's London office has done for the client. Skadden London finance partner James Healy led the team on the deal which saw Generali issue two bonds worth €1.25bn (£827m) and £495m. Generali will use the proceeds to repay outstanding debt under a financing agreement for the acquisition of Italian insurer Toro Assicurazioni.
February 07, 2007 at 11:10 PM
1 minute read
Skadden Arps Slate Meagher & Flom has advised insurance and financial products giant Generali Group on two major bond issues worth a combined value of £1.3bn – the biggest piece of work the firm's London office has done for the client.
Skadden London finance partner James Healy led the team on the deal which saw Generali issue two bonds worth €1.25bn (£827m) and £495m. Generali will use the proceeds to repay outstanding debt under a financing agreement for the acquisition of Italian insurer Toro Assicurazioni.
Healy said: "Generali has been one of our major clients for some time. It is a significant fundraising for Europe's third-largest insurance company and a great deal for us to do exclusively out of London."
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