Imerys completes €600 million bond issue and cash tender offer with CMS Francis Lefebvre as legal adviser

"Imerys issued €600 million of bonds and launched a cash tender offer to redeem bonds maturing 15 Jan 2027. The new bonds pay 4% p.a., mature 21 Nov 2032 and are admitted to the Luxembourg Stock Exchange; net proceeds will fund general purposes including the tender offer. CMS Francis Lefebvre advised Imerys; Clifford Chance advised the banking syndicate (BNP Paribas, Commerzbank, CIC, MUFG, Natixis, Société Générale)."

CMS Francis Lefebvre acted as legal counsel to Imerys, and Clifford Chance Europe LLP advised the banking syndicate composed of BNP Paribas, Commerzbank, CIC, MUFG, Natixis and Société Générale. Imerys, the world leader in mineral specialties for industry, has successfully completed a new bond issue of €600 million and launched a concurrent cash tender offer to repurchase its outstanding bonds due 15 January 2027. The net proceeds of the new issue are intended for Imerys's general corporate purposes, including financing the concurrent tender offer. The new bonds have been admitted to trading on the regulated market of the Luxembourg Stock Exchange. They bear interest at a rate of 4.0% per annum and will mature on 21 November 2032. CMS Francis Lefebvre represented Imerys with a team composed by: Marc-Etienne Sébire, partner; Myriam Issad, counsel; and Victor Delion, lawyer. Clifford Chance Europe LLP represented the banking syndicate composed of BNP Paribas, Commerzbank, CIC, MUFG, Natixis and Société Générale.

Imerys completes €600 million bond issue and cash tender offer with CMS Francis Lefebvre as legal adviser

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads