Linklaters has advised Tereos, the second largest sugar producer in the world, on its successful high yield offering of €300m 5.750% senior notes due 2031, marking the first high yield transaction to reopen the European market in 2025.
Tereos is a leading global agro-industrial cooperative specialising in the sourcing and processing of agricultural raw materials. The company is present in more than 100 countries worldwide and operates through a network of 41 operating facilities in 10 countries with over 15,000 employees. The proceeds of the offering will be used to refinance existing indebtedness.
The cross-jurisdictional Linklaters team was led by high yield partner Giacomo Reali, together with U.S. associates Kimberly Martin and Filippo Turci, alongside banking partner Kathryn Merryfield, counsel Lauren Hanley and associate Julidé Adak.
The team was also supported by the firm’s Paris tax team (partner Cyril Boussion and associate Wassim Mokadem) and New York tax team (partner Gabriel Grossman and US associate Erika Jensen)
