Global law firm White & Case LLP has advised Suez on the refinancing of the acquisition of GE Water, jointly with Caisse de dépôt et placement du Québec.
The refinancing included several senior unsecured note issues for a total amount of €1.2 billion, an undated deeply subordinated hybrid bond issue for a total amount of €600 million, and a €750 million capital increase without shareholders’ preferential subscription rights.
White & Case also advised Suez on the €3.2 billion bridge loan facility financing the GE Water acquisition in March 2017.
The White & Case team in Paris which advised on the senior unsecured note issues and on the hybrid bond issue was led by partners Séverin Robillard and Grégoire Karila, with support from associates Boris Kreiss and Petya Georgieva. The team which advised on the capital increase was led by partners Séverin Robillard and Thomas Le Vert, with support from associates Tatiana Uskova and Isabelle Touré-Farah. Counsel Max Turner advised on matters of US law. Partner Alexandre Ippolito, with support from associate Charline Schmit, advised on tax aspects.
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