EGGER Holzwerkstoffe GmbH’s €150 million Notes offering

Clifford Chance has advised a bank syndicate made up of UniCredit Bank AG and Raiffeisen Bank International AG on a hybrid bond issue by EGGER Holzwerkstoffe GmbH.

With a volume of EUR 150 million, the bond will bear interest at 4.875 per cent during the first five years and can be redeemed prematurely by the issuer in December 2022 at the earliest.

EGGER Holzwerkstoffe GmbH, based in St. Johann in Tyrol, Austria, is one of the leading European companies in the wood-based materials industry.

The Clifford Chance team comprised partner Sebastian Maerker (picture) and associate Wolfgang Ettengruber (both Banking & Capital Markets).

Involved fees earner: Sebastian Maerker – Clifford Chance; Wolfgang Ettengruber – Clifford Chance;

Law Firms: Clifford Chance;

Clients: UniCredit Bank AG; Raiffeisen Bank;