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Grégoire Karila is a senior associate in the Firm's Capital Markets practice group in Paris.
After having practiced three years as in-house legal adviser at an international investment bank and 7 years at a Magic Circle law firm in Paris, he joined White & Case in 2013.
Grégoire's experience includes debt capital markets products (bond issues, regulatory & hybrid capital, structured MTNs and liability management transactions), and derivatives.
Gabonese Republic – Bond offering and Exchange and Tender offer, 2013: Represented the Gabonese Republic in its issue of USD 1.5 billion 6.375% Amortizing Notes due 2024 and its simultaneous exchange and tender offer for its USD 1 billion 8.20% Senior Notes due 2017.
Caisse Centrale du Crédit Immobilier de France (3CIF) – French State Guaranteed Debt Issuance Programme, 2013: Represented the arrangers in connection with the establishment by Caisse Centrale du Crédit Immobilier de France (3CIF) of its new €8 billion French State Guaranteed Debt Issuance Programme.
Casino, Guichard-Perrachon – issue of undated deeply subordinated notes, 2013: Represented Casino Guichard-Perrachon in connection with the issue of its €750 million resettable fixed rate undated deeply subordinated notes. The use of proceeds of the issue is recorded as "equity" in the IFRS consolidated financial statements of the company. In addition, Standard & Poor's and Fitch rating agencies applied a 50 percent equity content to the issue proceeds, for the purpose of the company's credit ratios.
Société Générale – issue of Tier 1 deeply subordinated notes, 2013: Represented Société Générale as Global Coordinator on the offering of USD 1.25 billion 8.25 per cent. Tier 1 deeply subordinated undated notes. The issue was structured to comply with the eligibility criteria for additional Tier 1 regulatory capital under both the current applicable rules and in anticipation of the forthcoming Basel III rules. It was innovative – made possible by the European Union's publication of CRD IV on June 26, 2013.
GDF Suez – issue of Undated Deeply Subordinated Fixed Rate Resettable Notes and tender offer on several debt lines, 2013: Represented GDF Suez in connection with (i) the issue of Undated Deeply Subordinated Fixed Rate Resettable Notes (for an amount of respectively €600,000,000, €750,000,000 and £300,000,000) and (ii) the tender offer on the Titres Participatifs issued by GDF SUEZ in 1985 and on €1.5 billion senior notes of several lines.