Shop Apotheke Europe N.V.’s € 135 Million Convertible Bonds Conversion And Redemption

Hogan Lovells advised Shop Apotheke Europe N.V. on the incentivized conversion and early redemption of its € 135 million 4.5% convertible bonds due 2023.

The Company, advised by Berenberg, incentivized bondholders to convert their Bonds in ordinary shares of the Company. The negotiations between the Company and the bondholders resulted in conversion agreements corresponding to more than 98% of the total amount of € 135 million. Following thereto, the Company announced the early redemption of the remaining Bonds (clean-up). Shares for delivery to converting bondholders have been and will be issued by the Company, increasing its share capital accordingly.

Hogan Lovells Team for Shop Apotheke Europe: in Frankfurt Prof. Dr. Michael Schlitt (Picture – Partner, Lead), Dr. Susanne Ries (Of Counsel), Mark Devlin (Counsel), Dr. Timo Lockemann (Associate), Christian Schröder (Associate), Eva-Christina Sommer (Business Lawyer), Simona Gradišek (Business Lawyer, all Capital Markets); in Amsterdam Victor de Vlaam (Partner), Aafke Pronk (Counsel), Leonie Huisman (Counsel), Janelle de Ruiter (Associate, all Corporate).

Involved fees earner: Janelle de Ruiter – Hogan Lovells; Victor de Vlaam – Hogan Lovells; Mark Devlin – Hogan Lovells; Leonie Huisman – Hogan Lovells; Timo Lockemann – Hogan Lovells; Aafke Pronk – Hogan Lovells; Susanne Ries – Hogan Lovells; Michael Schlitt – Hogan Lovells; Christian Schröder – Hogan Lovells; Eva-Christina Sommer – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Shop Apotheke Europe N.V. ;