Allen & Overy has advised investment firm Wendel on the issue of EUR750 million of bonds exchangeable into ordinary shares of Bureau Veritas due 2026.
The Bonds will have a maturity of 3 years, except in case of early redemption, exchange or purchase and cancellation. The Bonds will carry a coupon of 2.625% per annum.
Wendel plans to use the proceeds from this transaction to finance its general corporate purposes and for diversification of its funding sources.
The Allen & Overy was led in Paris by partner Olivier Thébault, with associates Jade Billère-Mellet and Florian Imbert on corporate aspects. The team also included London partner Jeff Hendrickson and associate Victoria Sigle on international aspects.
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