Shearman & Sterling has represented Ziggo Bond Company B.V., the largest cable network operator in the Netherlands, on its €1.2 billion bond offering. The firm also represented Ziggo in connection with the amendment of its senior credit facility to allow for the high yield offering.

The offering closed on 7 May and was one of the largest European high yield bond offerings this year.

Ziggo, which is owned by private equity firms Warburg Pincus and Cinven, will use the proceeds from the offering to repay its outstanding mezzanine debt.

The Shearman & Sterling team of lawyers in the firm’s London and New York offices was led by capital markets partner Ward McKimm. He was assisted by counsel Robert Ferguson and associates Cedric Van den Borren, David Plattner, Paul Beck and Mike Kung. Partner Anthony Ward, counsel Peter Hayes and associate Karan Chopra advised on amendments to the senior credit facility. Associates James Leslie and Thomas Day advised on tax aspects of the transaction.