Weil advised BNP PARIBAS and Crédit Agricole Corporate and Investment Bank as joint global coordinators and joint physical bookrunners, J.P. Morgan SE and Natixis as joint global coordinators and joint bookrunners and Banco Bilbao Vizcaya Argentaria, S.A., Crédit Industriel et Commercial S.A., Goldman Sachs Bank Europe S.E., Coöperatieve Rabobank U.A. and Société Générale as joint bookrunners in connection with Elior Group S.A.’s (Elior) offering of €500.0 million 5.625% senior secured notes due 2030 and concurrent cash tender offer to holders of its existing 3.750% senior notes due 2026.

Elior is a leading international player in the contract catering and services sector, serving approximately 3.2 million customers daily across approximately 20,200 restaurants and points of sale worldwide through its catering services. Additionally, Elior manages and oversees client sites on a global scale through its diverse service offerings.

The proceeds of the offering of the notes were used to primarily repay indebtedness of the group.

In connection with the offering of the notes, Weil advised the lenders in the context of the cancellation of Elior’s existing senior facilities and entering into a new senior facilities agreement comprising a revolving credit line in the maximum amount of €430 million.

The Weil team was led by High Yield Partner Gilles Teerlinck and included associates Pierre Brule and David St-Onge in London, as well as Finance Partner James Clarke and associates Chloé Sellam and Thomas Bouton in Paris, with French tax advice from partner Benjamin Pique and associate Jérôme Rueda.