International Consolidated Airlines Group, S.A.’s EUR2.75 Billion Fundraising

Slaughter and May advised International Consolidated Airlines Group, S.A. on its proposed rights issue to raise gross proceeds of up to EUR2.75billion.

The rights issue will strengthen IAG’s balance sheet by reducing financial leverage and increasing IAG’s overall liquidity position.

The rights issue is standby underwritten by Goldman Sachs, Morgan Stanley and Deutsche Bank.

International Consolidated Airlines Group S.A., often shortened to IAG, is an Anglo-Spanish multinational airline holding company with its registered office in Madrid, Spain, and its operational headquarters in London, England.

Slaughter and May is supporting IAG’s in-house legal team, Chris Haynes and John Monkcom, with a team composed of David Johnson (Picture), Partner, Sally Wokes, Partner, Yvonne Lee, Senior Counsel, Julian Ried, Associate, Richard Bach, Associate, Helen Emanuel, Associate, Hector Penny, Associate, Nicole Hunter, Trainee, James Edwards, Trainee, Sophie Winton, Trainee, Jack Higgins, Trainee, Dominic Robertson, Partner and Alex Sim, Associate.

Slaughter and May advised IAG as a combined team with Garrigues, who advised on matters of Spanish law, and Sullivan & Cromwell, who advised on matters of US law.

Involved fees earner: Richard Bach – Slaughter and May; Helen Emanuel – Slaughter and May; David Johnson – Slaughter and May; Yvonne Lee – Slaughter and May; Hector Penny – Slaughter and May; Julian Ried – Slaughter and May; Dominic Robertson – Slaughter and May; Alex Sim – Slaughter and May; Sally Wokes – Slaughter and May;

Law Firms: Slaughter and May;

Clients: International Airlines Group (IAG);