White & Case Advises Republic of Gabon on Issuance of US$800 million 7.000% Notes and Tender Offer

Global law firm White & Case LLP has advised the Republic of Gabon on the 144A/Reg S offering of its US$800 million 7.000% Amortizing Notes due 2031 (the Notes) and the concurrent tender offer of its outstanding US$1.5 billion 6.375% Amortizing Notes due 2024 (the 2024 Notes) and its outstanding US$700 million 6.950% Amortizing Notes due 2025 (the 2025 Notes).

The Notes are listed on the London Stock Exchange under the new exempt sovereign issuer rules. The Republic of Gabon accepted tender offers from holders of approximately US$730 million in aggregate principal amount of the 2024 and 2025 Notes, which were subsequently redeemed using part of the proceeds of the issue of the Notes. The remaining proceeds were used for general budgetary purposes.

Lazard Frères acted as financial advisers to the Republic of Gabon and Deutsche Bank AG, London Branch, J.P. Morgan Securities plc and Standard Chartered Bank acted as Joint Lead Managers and Dealer Managers.

White & Case has been advising the Republic of Gabon on all its issuances since 2013.

The White & Case team in Paris which advised on the transaction was led by partner Max Turner, partner of counsel Cenzi Gargaro and counsel Olga Fedosova, and included associates Charlotte Wright and Paul-Grégoire Longrois.

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