White & Case advises bank syndicate on Schneider Electric’s €750 million OCEANEs issuance and concurrent buyback offer

Press Release
1 min read

Global law firm White & Case LLP has advised a syndicate of banks on the issuance by Schneider Electric of bonds convertible into and/or exchangeable for new and/or existing shares (OCEANEs) due 2031 for a nominal amount of €750 million, and a concurrent buyback offer of its outstanding OCEANEs due 2026 via a reverse order book construction procedure.

The net proceeds of the issuance will be used to finance Schneider Electric's buyback of its OCEANEs due 2026. The balance of any net proceeds will be used to finance general corporate purposes.

The White & Case team in Paris which advised on the transaction was led by partners Séverin Robillard and Thomas Le Vert and included counsel Tatiana Uskova and associate Dariya Babyak.

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