Dufry’s €800 Million High‑Yield Senior Notes Offering


Cravath represented the initial purchasers, led by Deutsche Bank (B&D), Banco Bilbao Vizcaya Argentaria, S.A., BNP Paribas, ING, Santander and UniCredit Bank, in connection with the €800 million Regulation S high‑yield senior notes offering of Dufry One B.V.

Dufry AG is a leading global travel retailer. The notes were listed on The International Stock Exchange. The transaction closed on October 24, 2017.

The Cravath team included partner Craig F. Arcella (Picture) and associates Eric M. Wasserstrum, Alexander E. Shiekman and Anthony J. Ramirez on securities matters, and partner Christopher K. Fargo on tax matters.

Involved fees earner: Craig Arcella – Cravath Swaine & Moore; Eric Wasserstrum – Cravath Swaine & Moore; Alexander Shiekman – Cravath Swaine & Moore; Christopher K. Fargo – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: BNP Paribas; Deutsche Bank; Dufry; ING Bank; Banco Santander Sa; UniCredit Bank AG; Banco Bilbao Vizcaya Argentaria (Bbva);