SAP SE’s €1.5 billion Notes offering to refinance the acquisition of Callidus Software Inc.

Clifford Chance has advised a bank syndicate made up of J.P. Morgan, Barclays, HSBC, ING, Société Générale and other banks on an SAP SE bond issue.

With a total volume of 1.5 billion, the bonds mature between 2021 and 2030. The bond maturing in 2021 bears variable rates of interest and those maturing in 2026 or 2030 bear interest at 1.000 per cent and 1.375 per cent respectively.

SAP intends to use the proceeds to refinance the acquisition of Callidus Software Inc.

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

 

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

Law Firms: Clifford Chance;

Clients: Barclays Bank; HSBC; ING Bank; JP Morgan; Société Générale;

 

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