White & Case Advises Initial Purchasers on InPost’s €490 Million High Yield Bond Offering
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Global law firm White & Case LLP has advised the initial purchasers on the debut high yield bond offering by InPost S.A., the proceeds of which have been used in relation to the acquisition of shares in Mondial Relay SAS and for general corporate purposes.
The offering was for €490 million senior notes due 2027, on which White & Case advised J.P. Morgan, BNP Paribas and Bank Pekao S.A. as Global Coordinators and Joint Physical Bookrunners, and Barclays, Citigroup, Goldman Sachs Bank Europe SE and ING as Joint Bookrunners. The notes were offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and the notes will be listed on the Official List of The International Stock Exchange.
InPost is a leading e-commerce enablement platform. Founded in 1999 by Rafal Brzoska in Poland, InPost provides delivery services through its network of more than 13,500 Automated Parcel Machines, including over 1,400 in the UK as of the end of Q1 2021, as well as to-door couriers and fulfilment services to e-commerce merchants.
The White & Case team which advised the initial purchasers on the high yield bond was led by partners Gilles Teerlinck and Jill Christie (both London), and included partners Marcin Studniarek (Warsaw), Hadrien Servais (Brussels) and Chad McCormick (Houston), counsel Bartosz Smardzeski (Warsaw) and Willem Van de Wiele (Brussels), and associates Pierre Brule, Nico Nalbantian (both London), Aurelie Terlinden, Eline Souffiau (both Brussels), Dawid Ksiazek (Warsaw) and Neil Clausen (Houston).
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