Global law firm White & Case LLP has advised Pluxee on its inaugural bond issue for an amount of €1.1 billion, consisting of a first tranche for an amount of €550 million with a maturity of 4.5 years and a 3.50% fixed coupon and a second tranche for an amount of €550 million with a maturity of 8.5 years and a 3.75% fixed coupon.
The bonds will be admitted to trading on the regulated market of Euronext Paris. Proceeds of the bonds will be used for general corporate purposes, including the refinancing of part of the existing bridge loan of €1.5 billion entered into by Pluxee with a syndicate of international banks in connection with its spin-off from Sodexo and listing on Euronext Paris.
Pluxee is a global provider of employee benefits and rewards services that operates in 31 countries.
The issuance was managed by a syndicate of banks led by BNP Paribas and Société Générale Corporate & Investment Banking as global coordinators.
White & Case previously advised Pluxee on its initial public offering on Euronext Paris.
The White & Case team in Paris which advised on the transaction was led by partner Thomas Le Vert and included partners Max Turner and Alexandre Ippolito, counsel Tatiana Uskova and associates Quentin Pipieri, Sébastien Caciano and Claire Sardet.
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