Paul, Weiss advised United Group, a leading telecommunications player in southeastern Europe that is majority-owned by BC Partners, in connection with the issuance of more than €1.1 billion of senior secured floating rate notes and €355 million of holding company payment-in-kind (PIK) notes. Proceeds from the offering will be used to refinance existing debt.

The Paul, Weiss team was led by corporate partners Matthew Merkle, Neel Sachdev, Kanesh Balasubramaniam, Nicolò Ascione and Marco Bagnato, and included tax partners Timothy Lowe and Cian O’Connor, and counsel Jamie Chambers, Samir Kurani and Patrick Karsnitz; litigation partner Nicole Succar; and executive compensation counsel Jake Glazeski.