Hogan Lovells acts for underwriters on a €650 million public European high yield bond deal

The team led by Hogan Lovells' High Yield Bond partner, Sylvain Dhennin represented BNP Paribas, Barclays and ING (Joint Global Coordinators), BayernLB, CM-CIC Market Solutions, Société Générale and Wells Fargo Securities (Joint Bookrunners) and BofA Merrill Lynch, Natixis and Standard Chartered Bank (Co-Lead Managers).

The High Yield Bond team at Hogan Lovells continues its progress by acting for the underwriters of Rexel's €650 million public high yield bond offer. Rexel, a global leader in the professional distribution of products and services for the energy world, issued €650 million 3.50% Senior Notes (the Notes) on May 18 2016. The Notes are listed on the Official List of the Luxembourg Stock Exchange, and trade on Luxembourg's Euro MTF market. 

Hogan Lovells' standing in European high yield was bolstered significantly in the summer 2015 when Sylvain Dhennin joined the London debt capital markets team and his presence is now giving the firm exposure to a variety of challenging mandates, including the recent Swissport transaction and liability management exercise by Storke.  

Commenting on the transaction, Sylvain Dhennin, said: "Hot on the heels of us acting for HNA Group in its financing of the acquisition of Swissport, we have now advised the underwriters on this large high yield bond issue. This is a significant moment for our team, particularly as this deal demonstrates the strength of our London office in advising on substantial financings and high yield bond offerings. It also illustrates the office’s capabilities in handling New York law-governed financings."


Adam Leviton

Public Relations Manager (Transactions)

[email protected]

+44 207 296 5299

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