IFLR1000

Schumann €725 million notes issues

29/7/2016
High-yield bond/note issue
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€ 725 million

$ 809.804 million

Completed

29/7/2016

Overview:

  • Schumann has issued two series of notes at a combined value of €725 million.
  • The company issued €325 million senior secured floating rate notes due 2022 and €400 million 7.00% senior secured notes due 2023.
  • The notes will be issued on the Luxembourg Stock Exchange’s Euro MTF Market.
  • Funds raised by the bond will be used to finance the acquisition of Sisal by Schumann and owner CVC Capital Partners.
  • BNP Paribas, Deutsche Bank, Credit Suisse, Morgan Stanley, UBS Investment Bank and UniCredit acted as coordinators and bookrunners.

Sam Duke - Editor

Jurisdictions:

Italy
Luxembourg

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Gaming

Firms:
Cravath Swaine & Moore

Party: BNP Paribas (Coordinator, Bookrunner)

Party: Deutsche Bank AG Na ON (Coordinator, Bookrunner)

Party: Credit Suisse (Coordinator, Bookrunner)

Party: Morgan Stanley (Coordinator, Bookrunner)

Party: UBS (Coordinator, Bookrunner)

Party: Unicredit (Coordinator, Bookrunner)

Lawyer: Philip Boeckman

Latham & Watkins

Party: Schumann (Issuer)

Lawyers: Antonio Coletti, Jocelyn Seitzman, Stefano Sciolla

Linklaters

Party: BNP Paribas (Coordinator, Bookrunner)

Party: Credit Suisse (Coordinator, Bookrunner)

Party: Deutsche Bank AG Na ON (Coordinator, Bookrunner)

Party: Morgan Stanley (Coordinator, Bookrunner)

Party: UBS (Coordinator, Bookrunner)

Party: Unicredit (Coordinator, Bookrunner)

Lawyer: Mark Hageman

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