Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 04-07-2016 | Practice Area: | Debt Capital Markets |
| Deal Title: | Fussballclub Gelsenkirchen-Schalke 04 Bond Exchange Offer | Industry: | Travel & Leisure |
| Description: |
Clifford Chance advised Fussballclub Gelsenkirchen-Schalke 04 e.V. on the issuance of a bond. The total volume of the issue amounted to EUR 50 million and was divided into two bonds with terms of five and seven years, respectively. The fixed interest rate for the five-year bond was 4.25% p.a., the fixed rate for the seven-year bond was 5.00% p.a. The funds raised were to be used to refinance the 6.75% bond issued in 2012.
The bonds were offered to creditors of the 6.75% bond by way of an exchange offer and an option to purchase additional bonds.
|
||
| Financial Center: | Frankfurt | Value: | 0.00-100.00 |
| Advised Party: | Company | Law Firm | Clifford Chance |
| Issuer Jurisdiction | Germany | Listing Jurisdiction | Germany |
| Classification: |
Bond Repurchase and Exchange Schemes Exchange Offers |
Lawyer | Sebastian Maerker |
