Dentons advises joint lead managers and dealer managers on Just Group notes issuance and tender offer

London-Dentons has advised a group of banks acting as joint lead managers and dealer managers on the issue by Just Group plc of £250 million 6.500% Fixed Rate Reset Callable Subordinated Tier 2.

Notes due 2037 and on a concurrent any-and-all cash tender offer to the holders of its £250 million 9.000% Guaranteed Subordinated Notes due 2026.

Just Group is a financial services company and a leader in defined benefit de-risking, individual retirement income and care markets.

The transaction followed the completion of Brookfield Wealth Solutions' acquisition of Just Group.

Dentons London-based Capital Markets partner, Neil Dixon, said: "We are very pleased to have acted for the banks on such a successful transaction for Just Group. Transactions of this type highlight our team's strength in bank and insurance regulatory capital transactions".

The Dentons team was led by Neil Dixon, assisted by associates Ed Varney and Nia Powell, along with trainee Rakhi Gohil. Partner Catriona Lloyd and associate Kristin Da Costa advised the trustee in connection with the new issue. Slaughter and May advised Just Group and Brookfield Wealth Solutions.

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