United States : White & Case advises on groupe Fnac S.A.'s High Yield Bond offering and Bridge Loan.
Global law firm White & Case LLP has advised Credit Agricole, Natixis and Societe Generale, as Joint Global Coordinators and Joint Bookrunners, and other banks as Joint Bookrunners, on Groupe Fnac S.A.'s 650 million offering of senior notes due 2023.
The notes, issued on September 28, 2016 and priced at 3.25 percent, were offered and sold in accordance with Rule 144A and Regulation S under the US Securities Act of 1933, as amended, and will be admitted for listing on the Official List of the Irish Stock Exchange and for trading on its Global Exchange Market. The gross proceeds from the issuance of the notes were used, among other things, to repay borrowings under a bridge facility entered into in relation to Groupe Fnac's acquisition of Darty plc.
The Firm also advised Credit Agricole Corporate and Investment Bank, Societe Generale Corporate & Investment Banking and Natixis as Coordinators, Mandated Lead Arrangers and Bookrunners, on the 1.35 billion senior facilities agreement (including a 400 million revolving facility, 200 million term loan facility and 750 million bridge facility) made available to Groupe Fnac to finance its acquisition of Darty and refinance certain financial indebtedness of the group and its subsidiaries.
The White & Case team which advised on the bond issue was led by partner Colin Chang (Paris) and included partner Philippe Herbelin (Paris), local partner Hadrien Servais (Brussels), counsel Max Turner ( Paris) and associates Benjamin Bierwirth (London), Linda Sharkey, Diogo Metz, Isabelle Toure-Farah, Grgoire Karila (all Paris) and Aurelie Terlinden (Brussels).
This White & Case team which advised on the senior facilities was led by partner Denise Diallo (Paris) and included partners Philip Broke and Allan Taylor (both London) with support from associates Roman Picherack and Franois Jubin (both Paris).
[c] 2016 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
|Printer friendly Cite/link Email Feedback|
|Date:||Oct 6, 2016|
|Previous Article:||United Kingdom : Top Gear pulls up at Limesquare Business Park, Grantham.|
|Next Article:||Hong Kong : MBK Partners to buy Wharf T&T.|