Freshfields advises underwriters on €3 billion bond transaction of Sartorius AG
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) advised the consortium of banks on the issuance of debut bonds by Sartorius AG with an aggregate nominal value of EUR 3 billion. The bonds are split into four tranches with maturities ranging from three to twelve years and carry coupons of between 4.250 and 4.875 percent.
Sartorius AG will use the issue proceeds to refinance the Polyplus acquisition and for general corporate purposes. The bonds were placed with institutional investors only. The bonds have been admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange.
The consortium of banks consisted of J.P. Morgan as global coordinator and active bookrunner and BNP Paribas and Deutsche Bank as other active bookrunners as well as Commerzbank, DZ Bank, LBBW, Société Générale and UniCredit as passive bookrunners.
The Freshfields team included Partner Christoph Gleske, Principal Associate Nikolaus Bunting and Associate Yannick Griesbach (all Capital Markets, Frankfurt) as well as Counsel Tim Elkerbout and Associate Daniël van Loggerenberg (both Finance, Amsterdam).