CM.com’s €100 Million Convertible Bond Offering

CM.com's €100 Million Convertible Bond Offering

De Brauw advised CM.com on the deal.

CM.com, a global leader in cloud software for conversational commerce, completed a EUR 100 million convertible bond offering.

The convertible bonds due 2026 carry a coupon of 2.00%. The deal was facilitated by a concurrent placement of existing shares on behalf of certain subscribers for the bonds to hedge market risk (‘delta placement’) and a sale of 250,000 existing shares by the founders to develop real estate in the surroundings of the current CM.com offices in Breda for possible future expansion of CM.com’s headquarters.

CM.com is a global leader in cloud software for conversational commerce that enables businesses to deliver a superior customer experience. Its communications and payments platform empowers marketing, sales and customer support to automate engagement with customers across multiple mobile channels, blended with seamless payment capabilities that drive sales, gain customers and increase customer happiness.

The De Brauw team included Constantijn Voogt (Picture), Jan Willem Hoevers, Maarten van der Weijden, Annick Houben, Eveline de Waard, Féline Goyarts, Myrthe van der Klei, Peter Spijker, Chayenne Obdam.

Involved fees earner: Eveline de Waard – De Brauw Blackstone Westbroek; Feline Goyarts – De Brauw Blackstone Westbroek; Jan Willem Hoevers – De Brauw Blackstone Westbroek; Annick Houben – De Brauw Blackstone Westbroek; Chayenne Obdam – De Brauw Blackstone Westbroek; Peter Spijker – De Brauw Blackstone Westbroek; Myrthe van der Klei – De Brauw Blackstone Westbroek; Maarten van der Weijden – De Brauw Blackstone Westbroek; Constantijn Voogt – De Brauw Blackstone Westbroek;

Law Firms: De Brauw Blackstone Westbroek;

Clients: CM.com;

Author: Federica Tiefenthaler