Latham & Watkins has advised the syndicate of banks on the placement of a €500 million and five-year secured Sustainability-linked PIK Toggle High Yield Bonds of IHO Holding as well as additional notes of €300 million with the same terms. IHO Holding is a strategic investment holding company that includes the holding and management activities of the IHO Group. The operational business of the IHO Group is conducted by the Schaeffler, Continental, Vitesco, and Atesteo groups.
Since 2014, Latham has advised various bank consortia on several high yield bond transactions of Schaeffler and the IHO Group valued at over €12 billion (equivalent) in total.
The Latham capital markets team was led by Munich/Frankfurt partners Rüdiger Malaun and Alexander Lentz, with counsel Rainer Adlhart and associate Laura Neumann.
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