Homburger Advises UBS on USD 7.7 Billion Debt Repurchase

"Homburger advised UBS Group and UBS on coordinated all-cash tender offers to repurchase multiple series of outstanding debt instruments originally issued by Credit Suisse, in an aggregate principal amount of USD 7.7 billion — comprising USD 5.55 billion of TLAC bonds accepted by UBS Group and USD 2.12 billion of senior notes accepted by UBS’s Stamford branch."

Homburger advised UBS Group and UBS on coordinated all-cash tender offers to repurchase various series of outstanding debt instruments in an aggregate principal amount of USD 7.7 billion. UBS Group closed its tender offer for five series of bail-inable TLAC bonds originally issued by Credit Suisse Group. UBS Group accepted tenders for four of those TLAC bond series, with a total principal amount of USD 5.55 billion. Separately, UBS, through its Stamford branch, completed all-cash tenders for two series of senior unsecured notes issued by Credit Suisse via its New York branch. UBS’s Stamford branch accepted tenders for both senior note series totaling USD 2.12 billion. Homburger represented UBS Group and UBS with a team composed by: Benedikt Maurenbrecher (lead, capital markets), Stefan Kramer (lead, capital markets), Olivier Baum (capital markets), Lee Saladino (capital markets) and Stefan Oesterhelt (tax).

Homburger Advises UBS on USD 7.7 Billion Debt Repurchase

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