Press Release

White & Case Advises Michelin on €600 Million Bond Issue

Global law firm White & Case LLP has advised Groupe Michelin on a two-tranche €600 million bond issuance.

The bonds bear interest at a rate of 1.125 percent and 1.750 percent respectively, maturing on May 28, 2022 and May 28, 2027. The proceeds will be used for Michelin’s general corporate purposes. The bonds were issued by Michelin Luxembourg SCS and guaranteed by Compagnie Financière du Groupe Michelin.

The bank syndicate was led by Crédit Agricole CIB and comprised Deutsche Bank, HSBC, Mitsubishi UFJ Securities and Natixis.

The White & Case team in Paris was led by partners Thomas Le Vert and Cenzi Gargaro with support from associates Tatiana Uskova and Petya Georgieva. Counsel Max Turner advised on matters of US law and partner Alexandre Ippolito, with support from associate Marcus Schmidbauer, advised on tax aspects.

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