Jill Christie (née Concannon)
“Jill is very responsive, both while in the midst of a deal and when bouncing ideas off her for potential transactions. She usually knows the answer to my questions, and if she doesn’t, she finds the answer and gets back to me in short order.”
Jill Christie's practice is focused on U.S. capital markets and corporate finance transactions.
Clients benefit from her experience of representing sponsors and underwriters in connection with international securities offerings. These include a number of award-winning and landmark transactions that were firsts within their respective markets. Jill also has experience of representing clients in senior and bridge acquisition facilities.
Since 2019, Jill has acted as Vice Chair of the High Yield Division of AFME (the Association for Financial Markets in Europe).
Relevant transactions include:
Advised Deutsche Bank, Goldman Sachs, Natixis and UBS Investment Bank, as Joint Lead Bookrunners and BNP Paribas, Credit Agricole, HSBC, J.P. Morgan, Mizuho Securities, Nomura and UniCredit as Joint Bookrunners on the Rule 144A/Regulation S offering of €420 million and €325 million notes in connection with the acquisition of Cerba HealthCare by EQT Partners.
Represented Synthos S.A., one of the leading manufacturers of chemical raw materials in Central and Eastern Europe, in connection with their offering of €600 million 2.500% Senior Secured Notes due 2028.
Represented J.P. Morgan, BNP Paribas and Bank Pekao S.A. as Global Coordinators and Joint Physical Bookrunners and Barclays, Citigroup, Goldman Sachs Bank Europe SE and ING as Joint Bookrunners on the debut high yield bond offering by InPost S.A., in connection with InPost's offering of €490 million senior notes due 2027 used to consummate the previously announced acquisition of Mondial Relay SAS.
Represented JP Morgan, Citigroup, Standard Chartered, and The Standard Bank of South Africa as Global Corordinators, and Natixis, RMB, and Societe Generale as Joint Bookrunners, and Nedbank, FCMB, United Capital, Zenith Bank, and United Bank for Africa as Co-Managers on the offering of US$650 million 7 3/4% Senior Notes by Seplat Petroleum Development Company Plc.
Zorlu Renewables, 2021
Represented Zorlu Yenilenebilir Enerji A.Ş. on its debut offering of U.S.$300,000,000 9.000 per cent. Senior Secured Notes due 2026, guaranteed on a senior basis by Zorlu Jeotermal Enerji Elektrik Üretim A.Ş. and Rotor Elektrik Üretim A.Ş.
WOM S.A., 2021
Represented Kenbourne Invest S.A., as issuer, on the offering of US$450,000,000 4.7% Senior Notes due 2028 pursuant to Rule 144A and Regulation S of the U.S. Securities Act.
In 2019, represented WOM S.A. (Kenbourne Invest S.A.) on its US$450 million high yield bond issue and on its US$200 million (equivalent) pari passu senior credit facilities, which together provided WOM with an aggregate US$650 million (equivalent).
Represented the lenders to the EQT Infrastructure Fund on the senior term loan financing for their acquisition of Colisee from IK Investment Partners.
Represented Barclays Bank plc, Barclays Capital Inc., BofA Securities, Inc., BofA Securities Europe SA, HSBC Bank plc, BNP Paribas, Citigroup Global Markets Limited, Coöperatieve Rabobank U.A., Crédit Agricole Corporate and Investment Bank, Goldman Sachs International, J.P. Morgan Securities LLC, J.P. Morgan Securities plc and Société Générale as Initial Purchasers on the issuance by OCI N.V. of $400 million 4.625% Senior Secured Notes and €400 million 3.625% Senior Secured Notes due 2025.
In 2019, Jill represented the initial purchasers in connection with the Rule 144A/Regulation S offering of US$1.1 billion (equivalent) senior secured notes due 2024 by OCI N.V. The Issuer is a global producer and distributor of natural gas-based fertilizers and industrial chemicals based in the Netherlands with significant operations across the US, Europe and the Middle East.
Representation of Techniplas, LLC, a provider of technical solutions to the automotive, transportation and industrial markets, in connection with a bridge loan in an amount of US$6.769 million. Jill also represented Techniplas LLC, in its sale of the issued and outstanding equity interests and assets of certain of its subsidiaries in the context of the Techniplas LLC's Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware.
Pure Gym, 2020
Represented the joint global coordinators and joint physical bookrunners on the offering by Pinnacle Bidco plc, a member of the Pure Gym group, of €445 million 5.500% Senior Secured Notes due 2025. Concurrently, White & Case represented certain lenders on the amendment and restatement of Pinnacle Bidco plc's revolving credit facility and on the amendment of its existing indenture.
In 2018, Jill represented the initial purchasers in connection with the provision of a £360 million bridge facility to Pinnacle Bidco plc and subsequent issuance of £360 million 6.375% senior secured notes due 2025 by Pinnacle Bidco plc to facilitate the acquisition of UK fitness chain Pure Gym.
Avia Solutions Group, 2019
Represented the joint lead managers (BNP Paribas and JP Morgan) on the offering of US$300 million notes by ASG Finance, guaranteed by parent Avia Solutions Group Plc, a global multi-service aviation solutions provider.
Arabian Centres, 2019
Represented Fawaz Alhokair Group's Arabian Centres Company, the owner, developer and operator of shopping centres in Saudi Arabia on its debut issuance of Reg S/Rule 144A US$500 million five-year Sukuk as part of the company's US$1.9 billion refinancing package comprising of Islamic bonds and new bank debt. The Shari'a-compliant issuance utilised an innovative hybrid restricted mudaraba-murabaha structure and represents the first high yield covenant style Sukuk issuance in a Reg S/Rule 144A format. Jill also represented Arabian Centres on a follow-on offering in 2021.
Represented the second lien lenders in relation to a second lien notes facility provided to support the acquisition of Nestle's skincare division by a consortium led by EQT Partners and the Abu Dhabi Investment Authority.
IHS Towers, 2019
Represented IHS Towers (IHS Netherlands Holdco B.V.) on its US$500 million and US$800 million dual-tranche bond issue and on its US$500 million (equivalent) US$ and Nigerian Naira pari passu senior credit facilities agreement, which will together provide IHS Towers with an aggregate US$1.8 billion (equivalent). Jill also represented IHS Towers on the offering of US$800 million 9.500% Senior Notes due 2021 and the Tender Offer and Consent Solicitation in respect of their outstanding US$250 million 8.375% Guaranteed Senior Notes.
Doc Generici, 2019
Jill represented BNP Paribas as Joint Global Coordinator and Joint Bookrunner on the issuance a €470 million Floating Rate Senior Secured FRNs due 2026 by Diocle S.p.A, a vehicle created by ICG for the acquisition of Doc Generici, a generics pharmaceutical company in Italy.
Jill represented Avon International Capital p.l.c., a wholly-owned subsidiary of Avon Products, Inc. ("Avon"), the number one leading direct-selling beauty company in the world, in connection with its high-yield offering of US$400 million in aggregate principal amount of 6.500% Senior Secured Notes due 2022. The offering was conducted while Avon is in the process of being acquired by Natura Cosméticos S.A. Concurrently, we represented Avon in its offer to purchase for cash any and all of its outstanding 4.600% Notes due 2020.
ADES International Holding, 2019
Jill represented ADES International Holding PLC on the issuance of a $325 million high yield bond, 8.625% senior secured notes due 2024. The notes have been listed on the International Securities Market of the London Stock Exchange and offered and sold pursuant to Rule 144A and Regulation S under the Securities Act.
Jill represented Avast, the leading global cybersecurity provider, in connection with its US$816.6 million (£602 million) initial public offering (IPO), the biggest ever software IPO on the London Stock Exchange (LSE).
Puma Energy, 2018
Represented Puma International Financing S.A. in connection with the issuance of the company's 5.00% senior notes due 2026 in an aggregate principal amount of US$750 million (the New Notes) in a Rule 144A/Regulation S offering. The proceeds of the notes were used to redeem the remaining US$410 million outstanding under Puma Energy's existing 1 billion 6.75% notes due 2021 and to refinance certain amounts drawn under existing revolving credit facilities. US$590 million of the 6.75% notes were refinanced in the previous successful deal in October (via intermediated exchange).
In 2017, Jill represented Puma International Financing S.A. in connection with (i) the issuance of the company's 5.125% senior notes due 2024 in an aggregate principal amount of US$600 million (the New Notes) in a Rule 144A/Regulation S offering and (ii) a concurrent tender offer for the company's existing 6.75% notes due 2021.
Jill represented Play Communications S.A. (Play) and its shareholders, Novator and Olympia, in connectionwith the €1 billion initial public offering (IPO) of Play on the Warsaw Stock Exchange, which values the company at €4 billion (PLN 16 billion).
Also in 2017, Jill advised the shareholders of Polish mobile telecoms operator P4 Sp. Z o.o., which trades as Play, on Play Topco S.A.'s offering of €500 million senior PIK toggle notes due 2022 and refinancing of its existing senior secured notes. Jill also represented Play on its inaugural €870 million and PLN 130 million, dual-tranche high yield bond issue and entry into a new super senior revolving credit facility, as well as Play Topco S.A., the indirect shareholder of Play, on its subsequent €415 million senior PIK toggle notes offering.
Jill advised Bridgepoint on its £425 million term loan B financing (and £110m undrawn facilities) for the acquisition of Zenith – the largest-ever sterling unitranche financing.
Jill advised the initial purchasers on the issue of €300 million senior secured notes due 2023, and the placement agents on the issue of €100 million second lien notes due 2023, in each case issued by N&W Global Vending S.p.A., a portfolio company of Lone Star Funds, to finance Lone Star Funds' acquisition of N&W Global Vending S.p.A.
University of Law, 2015
Jill represented Nomura International, as Initial Purchaser, in connection with the offering by Lake Bridge International of £234.4 million 8.000% senior secured notes due 2020 to finance the acquisition of the University of Law by Global University Systems group.
Jill represented Cabot Credit Management Limited, in the £105 million bridge financing for its acquisition of Marlin Financial Group Limited (Marlin), which was provided by a syndicate of banks led by J.P. Morgan, and the subsequent consent solicitation in relation to the outstanding high yield notes held by Marlin. Jill further represented Cabot Credit Management Limited in relation to the high yield bond offering of £175 million 6.5% senior secured notes due 2021, the proceeds of which were used to repay all amounts outstanding under its bridge facility and to partially repay amounts outstanding under its senior credit facilities.
Legal 500 UK 2021:High Yield
Chambers UK 2021: High Yield