Weil advised BNP Paribas as sole physical bookrunner, BofA Securities Europe SA, Crédit Agricole Corporate and Investment Bank, Natixis and Société Générale as joint global coordinators and joint bookrunners, Commerzbank Aktiengesellschaft and MUFG Securities (Europe) N.V. as joint bookrunners and Bank of China (Europe) S.A., Crédit Industriel et Commercial S.A and NatWest Markets N.V. as co-managers in connection with AccorInvest Group S.A.’s (AccorInvest) offering of €650.0 million 5.500% senior secured notes due 2031.
AccorInvest is the leading European hotel owner and operator, managing a sizable portfolio of 701 hotels with approximately 110,000 rooms as of June 30, 2024 and operating in 24 countries through 14 recognized brands, including Sofitel, Novotel, Fairmont, MGallery and Swissotel.
The proceeds of the offering of the notes were used to primarily repay indebtedness of the group. This offering follows AccorInvest’s issuance of €750.0 million 6.375% senior secured notes due 2029 on October 2, 2024 for which Weil also represented the banks.
The Weil team was led by High Yield Partner Gilles Teerlinck and included associates Pierre Brule and David St-Onge and high yield analyst Manel Mebarkia in London, as well as Finance Partner James Clarke in Paris, with U.S. tax advice from partner Greg Featherman and associate Carlos Parra.
