White & Case Advises Bank Syndicate on €500 Million Debut Sustainable Bond Issue of adidas AG

Global law firm White & Case LLP has advised J.P. Morgan Securities plc, BNP Paribas and Commerzbank Aktiengesellschaft, as active bookrunners, and Banco Bilbao Vizcaya Argentaria, S.A., BofA Securities Europe SA, Citigroup Global Markets Europe AG, Deutsche Bank Aktiengesellschaft, HSBC Bank PLC, Mizuho Securities Europe GmbH, Standard Chartered Bank and UniCredit Bank AG, as passive bookrunners, on a €500 million bond issue by adidas AG.

The bonds have a term of eight years and do not carry interest. The bonds will be admitted to trading on the regulated market of the Luxembourg Stock Exchange. The proceeds will be invested in sustainable materials, sustainable processes and community engagement as per the adidas sustainability bond framework.

The White & Case team in Frankfurt which advised on the deal was led by partner Karsten Wöckener and local partner Cristina Freudenberger and included counsel Alexander Born and associates Florian Fraunhofer and Daniel Sander.

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