Global law firm White & Case LLP has advised Verallia on its issuance of a €600 million bond maturing in November 2032 with a 3.875% fixed coupon.
The net proceeds will be used to refinance part of Verallia's existing financial indebtedness and for general corporate purposes. The transaction, which is the company's first bond issuance since its Investment Grade rating by Moody's and S&P, was managed by a syndicate of banks led by BNP Paribas, Crédit Agricole Corporate and Investment Bank and Crédit Industriel et Commercial S.A. acting as global coordinators.
White & Case advised Verallia on its two previous bond issuances in 2021.
Verallia is the European leader and world's third-largest producer of glass packaging for beverages and food products, with almost 11,000 employees and 35 production facilities in 12 countries. Its shares are admitted to trading on the regulated market of Euronext Paris.
The White & Case team in Paris which advised on the transaction was led by partners Thomas Le Vert and Séverin Robillard and included partner Alexandre Ippolito and associates Boris Kreiss, Quentin Pipieri and Claire Sardet.
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