Benjamin Bierwirth | White & Case LLP International Law Firm, Global Law Practice

Benjamin Bierwirth

Associate, London

T +44 20 7532 1474

E bbierwirth@whitecase.com

Overview

Benjamin Bierwirth is an associate in the Firm's Capital Markets group in London and concentrates on securities transactions and corporate finance, with a particular emphasis on high-yield debt offerings.

He has represented underwriters and issuers in a range of international securities transactions, including Rule 144A and Regulation S high-yield debt offerings. His practice also includes the representation of companies in connection with general corporate and securities matters.

Bars and Courts

  • New York State Bar

Education

  • Juris Doctor, New York University
  • Bachelor of Arts, New York University

Languages

  • French
  • English
  • Spanish
  • Italian

Experience

€200 million tap notes issuance by the Gabonese Republic, 2017

Represented the Gabonese Republic in connection to its issuance of €200 million principal amount of its 6.95% Notes due 2025 as a tap issuance to be fungible with its outstanding €500 million principal amount of 6.95% Notes due 2025. The Notes are listed on the Irish Stock Exchange. Lazard were the financial advisors to the Gabonese Republic.

Initial Public Offering of Play, 2017

Advised Play Communications S.A., as Issuer, and its shareholders in connection with Play Communications S.A.’s initial public offering on the Warsaw Stock Exchange. The IPO valued the company at €4 billion (PLN 16 billion). Play shares were listed on July 27, 2017. Upon issuance, it was the largest ever non-privatisation IPO of a Polish company, the largest IPO in the telecommunications sector in Europe since June 2015, and one of the five largest ever Polish IPOs.

€500 million senior PIK toggle notes issuance by Play Topco S.A., 2017

Represented Play Topco S.A. as Issuer on the offering of €500 million 5.375% / 6.125% Senior PIK Toggle Notes due 2022. The deal was tightest pricing euro-denominated PIK toggle notes issuance in the context of a single B Offering since the credit crisis. The Play group had early adopted IFRS 15 and 16 and this was the first deal of its kind for a company that had done this.

First/second lien financing of the Invitel acquisition by CEE Equity, 2017

Represented CEE Equity in connection with its first/second lien financing for its acquisition of Invitel, a Hungarian telecom company, as well as Invitel’s unwinding of its existing debt and capital structure. Rothschild were the financial advisors in connection with the transaction.

€650 million senior notes issuance by Group Fnac, 2016

Representation of Crédit Agricole, Natixis and Société Générale, as Joint Global Coordinators, and other banks, as Joint Bookrunners, on Groupe Fnac S.A.’s offering of €650 million senior notes due 2023. The notes, issued on September 21, 2016 and priced at 3.25%, were offered and sold in accordance with Rule 144A and Regulation S under the US Securities Act of 1933, as amended, and were admitted for listing on the Official List of the Irish Stock Exchange and for trading on its Global Exchange Market.

Cognor Tender Offers, 2015 & 2016

Representation of Cognor SA and its affiliates in connection with the 2015 modified dutch auction tender offer for senior secured notes due 2020 issued by Cognor International Finance plc and the 2016 modified dutch auction tender offer for outstanding mandatory exchangeable guaranteed notes due 2021 of Cognor International Finance plc. Stifel Nicolaus Europe Limited acted as Dealer Manager.

£77.3 million senior secured tap notes issuance by Global University Systems, 2016

Advised the initial purchaser on the tap issue of £77.3 million senior secured notes due 2020, issued by Lake Bridge International PLC, a finance subsidiary of Global University Systems. Global University Systems is a leading private higher education provider based in the UK.

Ukraine Sovereign Restructuring, 2016

Represented Ukraine in connection with its sovereign debt restructuring which was the winner of the American Lawyer "Global Finance Deal of the Year: Public Restructuring" in 2016.

$33 billion equity and debt bridge financing of Teva’s acquisition of Allergan generics, 2015

Representation the lenders in connection with an equity bridge, debt bridge and revolving credit facility financing in connection with Teva's acquisition of Allergan's generics business for $40.5 billion.

€310 million senior secured floating rate notes issuance by Cabot, 2015

Represented Cabot Credit Management Limited, as issuer, on the offering of EUR 310,000,000 Senior Secured Floating Rate Notes.