White & Case Advises Verallia on €850 Million Bond Issue

White & Case represented Verallia in connection with its €850 million bond issuance. The issuance comprised two tranches: one of €350 million maturing in November 2029 with a fixed coupon of 3.500%, and one of €500 million maturing in November 2033 with a fixed coupon of 4.375%. The net proceeds of the offering will be used to refinance amounts drawn under the bridge credit facility entered into between Verallia and a syndicate of banks in April 2025. That facility was put in place in the context of the public takeover bid initiated by BWGI and is intended to cover the early repayment of certain Verallia bond lines following the change of control arising from that offer. The transaction was led by BNP Paribas, Crédit Agricole Corporate and Investment Bank and Société Générale Corporate & Investment Banking as joint global coordinators. Verallia, with nearly 11,000 employees and 35 plants across 12 countries, is the European leader and the world’s third-largest producer of glass packaging for beverages and food; its shares are admitted to trading on the regulated market of Euronext Paris. White & Case recently advised Verallia in relation to BWGI’s takeover offer. White & Case represented client Verallia with a team composed by: Thomas Le Vert (partner), Boris Kreiss (partner), assisted by Paul-Grégoire Longrois (associate) in capital markets.

White & Case Advises Verallia on €850 Million Bond Issue

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