Global law firm White & Case LLP has advised Brenntag Group on the issuance of two notes tranches with an aggregate principal amount of €1 billion.
The notes were issued by Brenntag Finance B.V. and guaranteed by Brenntag SE. The first tranche has a principal amount of €500 million, a four-year term and a fixed coupon of 3.750%. The second tranche has a principal amount of €500 million, an eight-year term and a fixed coupon of 3.875%.
Brenntag intends to use the net proceeds from the issuance for general corporate purposes, including refinancing of existing debt. The notes of both tranches were admitted to trading on the EuroMTF of the Luxembourg Stock Exchange.
The White & Case team in Frankfurt which advised on the transaction was led by partner Karsten Wöckener and included partner Cristina Freudenberger, local partner Peter Becker and associate Darleen Stöckl.
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