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16 Mar 2026

A&O Shearman Advises BNP Paribas on €400m Azelis Bond Issuance to Refinance 2028 Notes

"A&O Shearman advised BNP Paribas on the issuance of EUR 400m 4.125% senior notes due 2031 by Azelis, a Belgium‑based distributor of specialty chemicals and food ingredients. Azelis will use the proceeds, together with cash on hand, to redeem its outstanding senior notes due 2028. The cross‑border A&O Shearman team was led by partners Marc Plepelits (Frankfurt) and Filip Tanghe (Antwerp), with support from senior counsel Sophie Rutten and associates in London and Belgium."

A&O Shearman acted for BNP Paribas in connection with a bond issuance by Azelis (the issuer). The transaction comprised the issuance of EUR 400 million 4.125% Senior Notes due 2031 by Azelis; the net proceeds, together with cash on the balance sheet, will be used to redeem Azelis’s outstanding Senior Notes due 2028. The A&O Shearman deal team (seniority and office where stated in the press release; practice areas not specified): - Marc Plepelits — Partner (Frankfurt) - Filip Tanghe — Partner (Antwerp) - Sophie Rutten — Senior Counsel (Brussels) - Evangelia Andronikou — Senior Associate (London) - Baxter Schooley — Senior Associate (London) - Kristof Geukens — Senior Associate (Antwerp) - Stavros Bakolas — Associate (London) - Hélène Bauwens — Associate (Antwerp) - Jungyun (Roger) Han — Associate (office not specified in the press release)
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