Global law firm White & Case LLP has advised a banking syndicate of initial purchasers, led by BNP Paribas, Deutsche Bank, J.P. Morgan and Société Générale, on CECONOMY AG’s €500 million issuance of sustainability-linked senior notes due 2029.
The new senior notes have a five-year term and an initial sustainability-linked coupon of 6.250%. The new senior notes are expected to be admitted to the official list of the Luxembourg Stock Exchange and admitted to trading on the EuroMTF Market of the Luxembourg Stock Exchange.
In addition, White & Case advised BNP Paribas, Deutsche Bank, J.P. Morgan and Société Générale as dealer managers on an offer to purchase for cash CECONOMY’s existing €500 million senior notes due 2026. The proceeds from the issuance of the new senior notes will be used to repurchase CECONOMY’s existing senior notes.
The White & Case team which advised on the transaction was led by partner Rebecca Emory (Frankfurt) and included partners Gernot Wagner, Karsten Wöckener, Yannick Adler, Bodo Bender (all Frankfurt) and Norbert Wimmer (Berlin), local partner Peter Becker (Frankfurt), counsel Alexander Born (Frankfurt) and Anna Burghardt-Kaufmann (Berlin) and associates Jan-Christopher Wilhelms, Ann Marie Hovey (both Frankfurt) and Mathilda Xu (Berlin).
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Read the orginal article: https://www.whitecase.com/news/press-release/white-case-advises-banking-syndicate-ceconomys-eu500-million-issuance
