News, Deals & Cases

Recent Financial Market Transactions and Updates.

  • SIG Combibloc Group EUR 1.85 Billion Refinancing

    SIG Combibloc PurchaseCo S.à r.l., a subsidiary of SIG Combibloc Group, has issued EUR 450 million Senior Unsecured 1.875% Notes due 2023, as well as and EUR 550 million Senior Unsecured Notes 2.125% due 2025. Certain subsidiaries of SIG Combibloc Group have also entered into new sustainability-linked EUR 850 million loan facilities. The net proceeds…

    By

    CapLaw

    Read more: SIG Combibloc Group EUR 1.85 Billion Refinancing
  • Spin-off, Rights Offering and Listing of Ina Invest Holding

    On 12 June 2020, Implenia AG completed the spin-off of Ina Invest Holding AG and the shares of Ina Invest Holding were, after a concurrent capital increase, listed on the SIX Swiss Exchange. Ina Invest AG is a Swiss real estate company whose entire portfolio shall be developed and realized according to the highest sustainability…

    By

    CapLaw

    Read more: Spin-off, Rights Offering and Listing of Ina Invest Holding
  • Sale of Sika Shares for CHF 2.56 Billion

    Saint-Gobain’s subsidiary Schenker-Winkler Holding AG (“SWH”) successfully sold its 10.75% stake in Sika for CHF 2.56 billion. The shares were placed via a private placement to qualified institutional investors by way of an accelerated book-building process (“ABB”).

    By

    CapLaw

    Read more: Sale of Sika Shares for CHF 2.56 Billion
  • Santhera Pharmaceuticals Equity-Linked Financing Transaction

    Santhera Pharmaceuticals Holding AG entered into an equity-linked financing arrangement with IRIS in the initial gross amount of up to CHF 12 million over 12 months, with the option to extend by another CHF 12 million over another 12 months, providing Santhera with a liquidity line which can be tapped if certain conditions are satisfied.

    By

    CapLaw

    Reference:
    Read more: Santhera Pharmaceuticals Equity-Linked Financing Transaction
  • ams AG Capital Increase to Finance Acquisition of OSRAM

    On 3 April 2020, ams AG completed a capital increase by way of a rights offering raising gross proceeds of approximately CHF 1.75 billion. The proceeds will be used to partially finance the acquisition of OSRAM Licht AG. The banking syndicate was led by HSBC and UBS acting as joint global coordinators. In addition, ams…

    By

    CapLaw

    Reference:
    Read more: ams AG Capital Increase to Finance Acquisition of OSRAM
  • Zur Rose Group Issuance of CHF 175 Million Convertible Bonds

    Zur Rose Group, Europe’s largest e-commerce pharmacy, successfully placed CHF 175 million 2.75% bonds due 2025 convertible into shares of Zur Rose Group AG. The bonds were issued at 100% of their principal amount and will mature on 31 March 2025. The proceeds will be used, among others, to rapidly adjust to the significantly increased…

    By

    CapLaw

    Reference:
    Read more: Zur Rose Group Issuance of CHF 175 Million Convertible Bonds
  • Credit Suisse Issuance of USD 3 billion and EUR 2 Billion Bail-inable Notes

    Credit Suisse Group AG issued USD 3 billion 4.194% Fixed Rate/Floating Rate Senior Callable Notes due 2031 under its U.S. Senior Debt Program and issued EUR 2 billion 3.250% Fixed Rate Reset Senior Callable Notes due 2026, in each case under its Euro Medium Term Note (EMTN) Programme. These transactions were consummated on April 1…

    By

    CapLaw

    Reference:
    Read more: Credit Suisse Issuance of USD 3 billion and EUR 2 Billion Bail-inable Notes
  • Santhera’s up to CHF 24 Million Equity-Linked Financing

    Santhera Pharmaceuticals Holding AG announced that it has entered into an equity-linked financing arrangement with IRIS (France) in the initial gross amount of up to CHF 12 million over 12 months, with the option to extend by another CHF 12 million over another 12 months. This innovative financing instruments provides Santhera with a liquidity line…

    By

    CapLaw

    Read more: Santhera’s up to CHF 24 Million Equity-Linked Financing
  • Acquisition Financing of ams for Osram

    On 3 April 2020, ams AG completed a capital increase by way of a rights offering raising gross proceeds of approximately CHF 1.75 billion. The proceeds will be used to partially finance the acquisition of OSRAM Licht AG. The banking syndicate was led by HSBC and UBS acting as joint global coordinators.

    By

    CapLaw

    Read more: Acquisition Financing of ams for Osram