Edenred’s €600 Million Bond Offer

Edenred's €600 Million Bond Offer

Linklaters advised the banks on Edenred’s bond issue for a total amount of EUR 600 million. Cleary advised Edenred

Barclays Bank Ireland PLC, Crédit Agricole Corporate and Investment Bank and Société Générale acted as Joint Lead Managers and Global Coordinators and BNP Paribas, Citigroup Global Markets Limited, Commerzbank Aktiengesellschaft, HSBC Bank plc and J.P. Morgan Securities plc acted as Joint Lead Managers.

The bonds have a maturity of 9 years and bear interest at 1.375% payable on June 18 each year, commencing on 18 June 2021. They have been admitted to trading on Euronext Paris since 18 June 2020.

The proceeds from this issue will be used by Edenred for general corporate purposes and to refinance the bonds issued on 30 October 2013 for an amount of €250 million maturing on 30 October 2020.

The Linklaters team was composed of Véronique Delaittre (Picture), Partner, Elise Alperte and Gaëtan Le Page, Associates. Nadine Eng, Senior Associate, was involved on the tax aspects.

Cleary Gottlieb advised Edenred with a team including Valérie Lemaitre, Marianne Guéry, Anne-Sophie Coustel, Cécile Mariotti, Marion Losseau et Amir Nezar.

Involved fees earner: Anne-Sophie Coustel – Cleary Gottlieb Steen & Hamilton; Marianne Guéry – Cleary Gottlieb Steen & Hamilton; Valérie Lemaitre – Cleary Gottlieb Steen & Hamilton; Marion Losseau – Cleary Gottlieb Steen & Hamilton; Cécile Mariotti – Cleary Gottlieb Steen & Hamilton; Amir Nezar – Cleary Gottlieb Steen & Hamilton; Elise Alperte – Linklaters; Veronique Delaittre – Linklaters; Nadine Eng – Linklaters; Gaëtan Le Page – Linklaters;

Law Firms: Cleary Gottlieb Steen & Hamilton; Linklaters;

Clients: Barclays Bank Ireland PLC; BNP Paribas; Citigroup Global Markets Ltd; Commerzbank AG; Crédit Agricole Corporate and Investment Bank; Edenred; Hsbc Bank plc; JP Morgan Securities; Société Générale;

Author: Ambrogio Visconti