Debevoise Advised Market Bidco Finco Plc in Its Senior Secured Notes Offerings

13 June 2022

Debevoise & Plimpton LLP has advised Market Bidco Finco Plc, an indirect subsidiary of funds managed or advised by Clayton, Dubilier & Rice, LLC (CD&R), in the offerings of £1.075 billion and €545 million of senior secured fixed rate notes in connection with the financing of CD&R’s acquisition of Wm Morrison Supermarkets Limited (Morrisons).  For more information, please see the company’s press releases here and here.

Morrisons is the fourth largest chain of supermarkets in the United Kingdom.

The Debevoise team was led by capital markets partner Steven Slutzky, finance partner Alan Davies and capital markets counsel Joshua Samit and included counsel Vera Losonci and associates Mihir Awati, Andrew Burnett, Patrick Dixon, Laurence Hanesworth, Henry Treble, Gregg Young and Amy Zhang, and law clerks Toby Cohen and Amy Pereira.