Allen & Overy advises Galileo Global Education
Allen & Overy acted as the legal advisors for Galileo Global Education in relation to its EUR300 million non-fungible add
Allen & Overy advises Galileo Global Education
Allen & Overy acted as the legal advisors for Galileo Global Education in relation to its EUR300 million non-fungible add-on to its existing EUR1 billion cov-lite term loan B.
The transaction consisted of a EUR300 million add-on to the group's existing EUR 1 billion senior secured term loan. The add-on was upsized from EUR 250 m due to investor demand, highlighting the resilience of Galileo's business even with a challenging backdrop in the European debt markets.
Galileo Global Education, a leading international provider of higher education, offers spanning from applied arts, fashion, design and digital/Internet to business and medicine. Through its network of 54 schools, the group is present in over 91 campuses in 15 countries around the world and has over 170,000 enrolled students.
In London, the transaction was led by leveraged finance partner Neil Sinha along with senior associate Nick Hallam and associate Alex George.
In Paris, the transaction was led by Adrian Mellor, Partner and assisted by associate Reda Boujnini.
A&O had recently advised Galileo Global Education on its 2021 and 2019 refinancings, and is followed by a long history of advisory on financing arrangements.