Hogan Lovells advises Deutsche Bank AG on the issue of a € 58.5m 5.5% convertible bond transaction of SLM Solutions Group AG

Led by Frankfurt partner Prof. Dr. Michael Schlitt, Hogan Lovells has advised Deutsche Bank AG in relation to the convertible bond transaction of SLM Solutions Group AG.

The anticipated issue date of the bond will be 11 October 2017. The convertible bond will be due 2022. As a reference price, SLM Solutions Group AG stated € 33.1240 according to the average market price at the day of launch of a SLM Solution share listed in the XETRA trading system. The convertible bonds are initially convertible into 1,379,760 new or existing ordinary no par value bearer shares of the Issuer.

Deutsche Bank AG acted as a sole bookrunner. The convertible bonds will be exclusively placed with institutional investors in certain jurisdictions outside of the United States of America based on Regulation S (Category 1) under the United Stated Securities Act of 1993 as well as outside of Australia, Japan and other jurisdictions, in which such an offer and such a placement is prohibited. 

Hogan Lovells team for Deutsche Bank AG: 

Prof. Dr. Michael Schlitt (Partner), Dr. Susanne Lenz (Counsel), Nona Naydenova (Business Lawyer), Laura-Shari Tiffert (Business Lawyer), Andreas Mildner (all Capital Markets, Frankfurt).


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