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White & Case Advises Initial Purchasers on High Yield Bond Offerings by ION Corporates, ION Analytics and ION Markets

Global law firm White & Case LLP has advised the initial purchasers on three bond offerings for the ION group.

The first offering was for US$350 million 4.625% senior secured notes due 2028 by Helios Software Holdings, Inc. and ION Corporate Solutions Finance S.à r.l. (ION Corporates), on which White & Case advised Credit Suisse as Global Coordinator and Joint Bookrunner and Standard Chartered Bank as Joint Bookrunner.

The second offering was for US$450 million 5.750% senior secured notes due 2028 by ION Trading Technologies S.à r.l. (ION Markets), on which White & Case advised Credit Suisse as Global Coordinator and Joint Bookrunner and Standard Chartered Bank as Joint Bookrunner.

The third offering was for US$350 million 5.000% senior secured notes due 2028 by Acuris Finance US, Inc and Acuris Finance S.à r.l. (ION Analytics), on which White & Case advised J.P. Morgan as Global Coordinator and Joint Bookrunner and Standard Chartered Bank as Joint Bookrunner.

Each series of notes was offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and listed on the Official List of The International Stock Exchange.

The White & Case team which advised the initial purchasers on the offerings was led by partners Michael Immordino (London & Milan) and Gilles Teerlinck (London) and included associates Brian Dearing, Adebola Ogunsanya (both London) and Francesco Mancuso (Milan) and lawyer Riccardo Viel (Milan). The team which advised on the finance and tax aspects included partners Shane McDonald (London), Hadrien Servais (Brussels), Eliza McDougall (New York) and Chad McCormick (Houston), counsel Willem Van de Wiele (Brussels) and associates Clara Davies (London), Eline Souffriau, Anne-Sophie Rolland (both Brussels), Evan Rahn (New York) and Neil Clausen (Houston) and lawyer Rhona Luithle (London).

Milbank LLP advised the ION group on each of the offerings.

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