Global law firm White & Case LLP has advised SPIE, a European leader in multi-technical services in the areas of energy and communications, on a seven-year bond issue of €600 million with an annual coupon of 2.625%.
The bonds will be listed on the regulated market of Euronext Paris. The net proceeds from the issuance will partially refinance the existing senior credit facility of the Group and will also enable SPIE to extend the average maturity of its debt.
With approximately 46,400 employees and a strong local presence, SPIE achieved consolidated revenues of €6.7 billion and consolidated EBITA of €400 million in 2018. White & Case advised SPIE in 2017 on its previous bond issue to finance the acquisition of SAG, the German leader in high-growth energy infrastructure.
The White & Case team in Paris which advised on the transaction was led by partner Thomas Le Vert, with support from partner Alexandre Ippolito and associates Tatiana Uskova, Thierry Nkiliyehe and Guillaume Keusch.
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