White & Case advises banking syndicate on CMA CGM issuance of exchangeable bonds into Air France‑KLM shares

White & Case LLP advised the banking syndicate in connection with the issuance by CMA CGM S.A., a global provider of maritime, land, air and logistics solutions, of exchangeable bonds into existing Air France‑KLM ordinary shares. The transaction comprises an issuance of exchangeable bonds due 2028 in a principal amount of €320.7 million. The offer initially covers the entirety of CMA CGM S.A.'s holding in Air France‑KLM, representing roughly 23.1 million ordinary shares, or approximately 8.8% of the airline's share capital. The net proceeds of the offering will be allocated to general corporate purposes. White & Case LLP represented the banking syndicate with a team composed by: Tatiana Uskova (partner, Capital Markets, Paris), Séverin Robillard (partner, Capital Markets, Paris), Eva Brunelli Brondex (associate), Alice Guillon (associate), and Max Turner (partner, advising on US law aspects).

White & Case advises banking syndicate on CMA CGM issuance of exchangeable bonds into Air France‑KLM shares

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