Global law firm Freshfields has represented a syndicate of initial purchasers on an upsized $755 million Rule 144A and Regulation S issuance of senior notes due 2033 by C&W Senior Finance Limited, a subsidiary of Cable & Wireless Communications Limited. The proceeds of the offering were used to refinance the Cable & Wireless group’s outstanding senior notes due 2027 in full.

The Freshfields team was led by leveraged finance and capital markets partner Haden Henderson alongside senior associate, Shruti Dusaj, and associates Ahmed Yacout, Lea Mansouri and Angela Chen. The team was also supported on English law matters led by leveraged finance partner Toby Bingley alongside associate Dayo Ogunsola.

The transaction represents another example of a market leading cross-border transaction by Freshfields’ high yield team, which has an established reputation for providing strategic, commercial and practical guidance on the most challenging and complex high yield bond offerings worldwide.