Global law firm Freshfields has advised Vossloh AG on the issuance of subordinated unsecured notes with a total volume of €250mn. The term of the notes is indefinite, and the notes are callable for the first time after five years and solely by Vossloh. The notes bear interest at a rate of 5.375 per cent per annum and were issued at 100% of the nominal amount. Because of the specific terms and conditions of the notes, the nominal amount will be reported as equity in Vossloh’s IFRS consolidated financial statements. Vossloh intends to use the proceeds from the issuance for general corporate purposes including the financing of acquisitions and the refinancing of outstanding financial debt.

Jefferies acted as Global Coordinator and Manager in the placement of the notes for Vossloh. The notes will be included in the Open Market of the Frankfurt Stock Exchange.

The Freshfields team included Partners Christoph Gleske (Capital Markets, Frankfurt) and Georg Roderburg (Dusseldorf), Counsel Peter Stark (Frankfurt, both Tax), Principal Associate Birgit Schulz and Associate Julius Stecher (both Capital Markets, Frankfurt).