Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 12-12-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | Carillion plc Offering of Convertible Bonds due 2019 | Industry: | Construction & Materials |
| Description: |
Slaughter and May is advising Carillion plc on its offering of GBP170 million of convertible bonds due December 2019.
The Bonds will be issued by Carillion Finance (Jersey) Limited, a wholly-owned subsidiary of Carillion incorporated in Jersey, and will be guaranteed by Carillion. The Bonds will be senior and unsecured obligations of the Issuer and Carillion and will be subject to a negative pledge. The Bonds will be issued at par and will carry a coupon of 2.50% per annum payable semi-annually in equal instalments in arrear. Subject to certain conditions, the Bonds will be convertible into fully paid ordinary shares of Carillion.
BNP Paribas and Morgan Stanley acted as Joint Global Coordinators and Joint Bookrunners of the offering. Credit Agricole Corporate and Investment Bank and The Royal Bank of Scotland plc acted as Joint Bookrunners. Barclays Bank plc, HSBC Bank plc and MUFJ acted as Co-Bookrunners.
Financing: Mark Dwyer (partner), Steven Galbraith (partner), Ed Fife (partner), Harry Bacon (associate), Jack Pelzig (associate); Corporate: Kathy Hughes (partner); Tax: Steve Edge (partner), Edward Milliner (associate).
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| Financial Center: | London | Value: | 100.01-500.00 |
| Advised Party: | Issuer | Law Firm | Slaughter and May |
| Issuer Jurisdiction: | United Kingdom | Listing Jurisdiction: | United Kingdom |
| Classification: |
Equity-Linked Securities Convertible Bonds |
Lawyer | Mark Dwyer |
