Counsel to Citigroup, J.P. Morgan and Lehman Brothers in €215 Million High- Yield Notes Offering by Leading German Cable Company
February 14, 2005
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.