Skadden is advising Saturn Holdings plc (Saturn) in connection with its inaugural £180 million public regulatory capital bond issuance. The £180 million 9% fixed rate reset subordinated Tier 2 notes are due 2036. Saturn, a portfolio company of Pollen Street Capital, is the parent company of Tradex Insurance Company plc, a leading independent motor insurer in the U.K.
The Skadden team includes Robert Chaplin and Danny Tricot.