"Schneider Electric Secures €5.5 Billion Bridge Loan for Acquisition of Remaining Stake in Indian Joint Venture"

**Law Firms Involved in the Transaction:** The international law firm Herbert Smith Freehills Kramer ("HSF Kramer") assisted Schneider Electric, while Allen & Overy Shearman, Linklaters, and White & Case provided counsel to the arrangers of the bridge loan, bond issuance, and convertible bonds, respectively. **Transaction Overview:** Schneider Electric negotiated a bridge loan to finance the acquisition of the remaining 35% stake in its existing joint venture, Schneider Electric India Private Limited (“SEIPL”), from Temasek in India, for a cash amount of €5.5 billion. The transaction is subject to customary closing conditions, including regulatory approvals from competent authorities such as the Competition Commission of India, and is expected to be finalized in the coming quarters. To refinance this bridge loan, Schneider Electric issued bonds listed on Euronext Paris totaling €3.5 billion, structured in four tranches with varying maturities and fixed or variable coupons. Additionally, the company issued senior unsecured convertible bonds (OCEANE) maturing in 2033. **Lawyers Involved:** - **Herbert Smith Freehills Kramer:** - Louis de Longeaux, Partner - Séverine de Lacourtie, Of Counsel - Dylan Shields, Associate - Sophie Lesdos, Associate - Jade Porret, Associate - Bruno Knadjian, Partner (Tax aspects) - Romain Martinez, Of Counsel (Tax aspects) - Pierre-Enzo Fraysse, Associate (Tax aspects) - **Allen & Overy Shearman:** - Thomas Roy, Partner - Tristan Jambu-Merlin, Counsel - Dusan Vukanovic, Associate - **Linklaters:** - Véronique Delaittre, Partner - Sirine Laghouati, Associate - **White & Case:** - Severin Robillard, Partner - Tatiana Uskova, Partner

"Schneider Electric Secures €5.5 Billion Bridge Loan for Acquisition of Remaining Stake in Indian Joint Venture"

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