Global law firm White & Case LLP has advised Novacap International S.A.S. on its debut high yield offering of €310 million senior secured floating rate notes due 2019.
Novacap, the multinational diversified chemicals group which produces and distributes chemicals that are used in everyday products, will use the proceeds from the offering to repay existing third party and shareholder indebtedness in full and for general corporate purposes.
Goldman Sachs acted as bookrunner on the transaction and Deutsche Bank, BNP Paribas and Societe Generale acted as joint bookrunners.
The Firm's role in the Novacap deal follows its advice to leading European fast food restaurant chain Financière Quick S.A.S. on its recent debut high yield offering of €595 million senior secured and unsecured floating rate notes due 2019.
The White & Case team in Paris which advised Novacap was led by partner Colin Chang with support from associate Jordan Zaluski. Partner Raphaël Richard advised on bank finance aspects of the transaction with support from associates Julien Chameyrat and Thierry Pujol d'Andrebo. Corporate matters were handled by partner François Leloup with support from associate Camille Note. London-based partner Jill Concannon and associate Mariya Azbel, as well as Hong Kong-based associate Dan Lai, also supported the transaction.
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