White & Case Acted on Pluxee's Successful €1.1 Billion Bond Debut
White & Case Acted on Pluxee's Successful €1.1 Billion Bond Debut
Global law firm White & Case LLP successfully advised Pluxee, a leading global provider of employee benefits and rewards operating in 31 countries, on its inaugural bond issuance of €1.1 billion.
The offering consists of two tranches: a €550 million tranche maturing in 4.5 years with a fixed coupon of 3.50 per cent and a €550 million tranche maturing in 8.5 years with a fixed coupon of 3.75 per cent. Both tranches will be admitted for trading on the regulated market of Euronext Paris.
The proceeds from the bond issuance will be used for various general corporate purposes, including partial refinancing of a €1.5 billion bridge loan Pluxee secured from a syndicate of international banks in connection with its spin-off from Sodexo and subsequent listing on Euronext Paris.
A syndicate of international banks co-managed the issuance, with BNP Paribas and Société Générale Corporate & Investment Banking acting as global coordinators.
White & Case, demonstrating their continued partnership with Pluxee, advised on the transaction. The Paris-based team, led by partner Thomas Le Vert, included partners Max Turner and Alexandre Ippolito, counsel Tatiana Uskova, and associates Quentin Pipieri, Sébastien Caciano, and Claire Sardet. This follows White & Case's previous counsel to Pluxee during their initial public offering on Euronext Paris.
