Akin Gump Advises Affinion Group Holdings in Exchange Offers, Private Rights Offerings

(New York) – Akin Gump represented Affinion Group Holdings, Inc. in the completion of the previously announced private exchange offers and consent solicitations relating to (a) Affinion Holdings’ outstanding 13.75 percent/14.50 percent Senior Secured PIK/Toggle Notes due 2018 and (b) Affinion Investments, LLC’s outstanding 13.50 percent Senior Subordinated Notes due 2018.

Affinion Holdings also completed the previously announced private rights offering for (a) $110.0 million aggregate principal amount of Affinion International Holdings Limited’s 7.5 percent Cash/PIK Senior Notes due 2018 and (b) 2,483,333 shares of Affinion Holdings’ new Common Stock, par value $0.01 per share.

Rosa Testani and Adam Weinstein, partners in Akin Gump’s corporate practice, led the team advising Affinion Group. They were joined by counsel Timothy Clark and Patricia Groot, associate Lauren Connell and staff attorney Lindsey Smith, all members of the firm’s corporate practice. The UK financing team included partner Robert Aulsebrook and counsel David Sewell. U.S. tax work was handled by senior counsel Christopher Harvey with partner Stuart Sinclair performing UK tax work.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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