Clifford Chance advises Dassault Systèmes on €1 billion bond and revolving credit refinance

Clifford Chance advised Dassault Systèmes, and White & Case advised the syndicate of banks (BNP Paribas, Crédit Agricole CIB, MUFG, Société Générale, Bank of America, CIC, Deutsche Bank, HSBC, ING, JP Morgan and Natixis) in connection with Dassault Systèmes’ €1 billion bond issuance and the concurrent refinancing of its revolving credit facility. The transaction comprised a single tranche of senior unsecured notes totaling €1 billion with a five‑year maturity, a fixed annual coupon of 3.375% and a final maturity date of 16 June 2031. The notes were admitted to trading on Euronext Paris and the issue was significantly oversubscribed by institutional investors. Net proceeds will be applied to the group’s general corporate purposes, including the refinancing of existing bonds of €900 million bearing a coupon of 0.125% maturing in September 2026. BNP Paribas, Crédit Agricole CIB, MUFG and Société Générale acted as global coordinators, alongside Bank of America, CIC, Deutsche Bank, HSBC, ING, JP Morgan and Natixis as joint bookrunners. Concurrently, Dassault Systèmes refinanced its €750 million revolving credit facility, previously maturing in October 2026. The new facility has an initial five‑year maturity to June 2031 with two one‑year extension options, includes a €250 million swingline and an accordion option to increase total commitments by up to an additional €500 million. This facility was also oversubscribed by a pool of longstanding banks. Clifford Chance represented Dassault Systèmes with a team composed by: Cédric Burford and Auriane Bijon, partners; Jessica Hadid and Batoul Laanani, senior associates; and Sabrine Kadi, associate. White & Case represented the banks (BNP Paribas, Crédit Agricole CIB, MUFG, Société Générale, Bank of America, CIC, Deutsche Bank, HSBC, ING, JP Morgan and Natixis) on the bond issuance with a team composed by: Tatiana Uskova, partner; and Alice Guillon, associate. White & Case represented the same banks on the revolving credit facility with a team composed by: Raphaël Richard and Neeloferr Roy, partners; and Adrien Fagère and Chloé Amado, associates.

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Clifford Chance advises Dassault Systèmes on €1 billion bond and revolving credit refinance

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Clifford Chance advises Dassault Systèmes on €1 billion bond and revolving credit refinance

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