Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 08-07-2013 | Practice Area: | Debt Capital Markets |
| Deal Title: | ISS A/S Subordinated Notes due 2016 Repurchase | Industry: | Support Services |
| Description: |
Davis Polk advised ISS A/S in connection with its offer to purchase for cash up to approximately EUR235 million of its outstanding 8% senior subordinated notes due 2016 and its concurrent conditional partial redemption for up to approximately EUR231 million of the notes.
The redemption was conditioned upon no notes being tendered in the offer. Following a tender of approximately EUR45.5 million aggregate principal amount of notes in the offer, ISS waived this condition in part and redeemed notes in the reduced aggregate principal amount of approximately EUR186.5 million at the same time as it purchased the notes tendered in the offer. The offer and the redemption were funded with the net cash proceeds of an asset sale.
The Davis Polk team included partner Jeffrey R. O'Brien and associates Joanna A. Valentine and Brechje E.M. Hertoghs. All members of the Davis Polk team are based in the London office.
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| Financial Center: | London | Value: | 0.00-100.00 |
| Advised Party: | Company | Law Firm | Davis Polk |
| Issuer Jurisdiction | Denmark | Listing Jurisdiction | United Kingdom |
| Classification: |
Bond Repurchase and Exchange Schemes Repurchase Offers |
Lawyer | Jeffrey R OBrien |
