Paul Clews | White & Case LLP International Law Firm, Global Law Practice

Paul Clews

Partner, London

Overview

Paul's practice is focused on leveraged and corporate finance transactions, particularly high yield debt offerings, as well as restructurings, tender offers and other liability management exercises.

Having previously been a Director in the European Leveraged Finance Group at Barclays, he has significant experience in corporate finance and acquisition finance, and has extensive understanding of leveraged products and structures. He acts for both underwriters and issuers across the EMEA region.

Bars and Courts

  • New York State Bar

Education

  • LLB/BSc conj., University of Auckland

Languages

  • English

Experience

€40 million temporary senior secured notes offering by N&W Global Vending S.p.A, 2017

Represented Goldman Sachs International on the offering by N&W Global Vending S.p.A, a leading manufacturer in Europe of coffee, other hot and cold beverage and food vending machines, of a Temporary Senior Secured Notes. The proceeds of the offering were used to fund an acquisition and the transaction included a complex and innovative structure of an exchange of the Temporary Notes for Additional Notes to be issued by the Issuer under an existing Senior Secured Notes Indenture.

£550 million senior secured notes issued by Shop Direct Funding plc, 2017

Represented Barclays Bank PLC and  Mediobanca – Banca di Credito Finanziario S.p.A. as global coordinators, HSBC Bank plc and Lloyds Bank plc as joint bookrunners and Credit Suisse Securities (Europe) Limited as co-manager, on the Rule 144A/Regulation S debut offering of £550 million 7.75% senior secured notes due 2022 by Shop Direct Limited and the concurrent entry into £150 million of revolving credit facilities.

$800 million senior notes issued by IHS Netherlands Holdco B.V., 2016

Advised IHS Netherlands Holdco B.V. on its issue of €800 million senior notes due 2021. The issuer is a leading operator of telecommunications towers in Nigeria. The offering was made in conjunction with a tender offer for existing notes issued by a subsidiary of the issuer.

€300 million senior secured notes and €100 million second lien notes by N&W Global Vending S.p.A., 2016

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.

£77.3 million senior secured notes issued by Global University Systems, 2016

Advised the initial purchaser on the tap issue of £77.3 million senior secured notes due 2020, issued by Lake Bridge International PLC, a finance subsidiary of Global University Systems. Global University Systems is a leading private higher education provider based in the UK.

€300 million senior notes issued by Onorato Armatori S.p.A., 2016

Advised Onorato Armatori S.p.A., on the issue of its €300 million senior notes due 2023. Onorato Armatori S.p.A. is a leading Italian ferry operator.