Debevoise & Plimpton LLP has advised Wolseley Group (“Wolseley”) in its offering of £350 million of senior secured notes due 2031, and the amendment and extension of its £305 million ABL facility.

Proceeds of the senior secured notes will be used to repay existing debt, to fund a dividend to Wolseley’s shareholders, and to pay associated fees and expenses.

Wolseley is a leading specialist provider of plumbing, heating, cooling, and utility products to trade customers. It has over 560 branches across the UK.

The Debevoise team advising Wolseley was led by partners Pierre Maugüé and Nicholas Pellicani, and included partners Dominic Blaxill and Alan Davies, counsel Christine Gilleland and Gregg Young, and associates Tiffany Chow, Jake Grandison, Yiran Ji, Vlad Krasner, Zhenya Lebedev, Eoin Molloy, Aleksei Shapovalov, Maayan Stein, and Esther Stefanini. Tax advice was provided by partners Cécile Beurrier and Matthew Saronson, and associates Samuel Lewis and Weichi Liu.