Cleary Gottlieb represented Citigroup Global Markets Limited, J.P. Morgan Securities Ltd. and Lehman Brothers International (Europe), as initial purchasers, on the German law aspects of the €215 million 8.750% Senior Notes due 2015 offering by iesy Repository GmbH.
iesy is the holding company of a so-called ‘level four’ cable operator in Germany, with core operations in the Hessen area. The iesy group serves an estimated 1.2 million homes, with 2003 revenue of more than €130 million. iesy is controlled by private equity fund Apollo Management V, L.P. through its affiliate, AP Cable LLC.