Gilles Teerlinck

Partner, London

Biography

Overview

Gilles Teerlinck is a capital markets partner in the London office of White & Case. Gilles represents issuers, sponsors and underwriters in international securities transactions, with a particular focus on offerings of high yield debt securities. Gilles has also worked on initial public offerings, private placements, restructurings, liability management transactions, corporate governance and other corporate matters. Gilles is ranked as a "leading individual" in Legal 500 UK for high yield.

Bars and Courts
Solicitor, England and Wales
New York State Bar
Education
Masters in Finance
London Business School
Degree in Corporate Finance
Catholic University of Leuven
LLM
University of California, Berkeley School of Law
MA in Law
Ghent University
Erasmus Exchange
University of Paris I Panthéon-Sorbonne
Languages
Dutch
French
English

Experience

Represented J.P. Morgan Securities plc as sole physical bookrunner and joint global coordinator, Credit Suisse Securities (Europe) Limited as joint bookrunner and joint global coordinator, and BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis and Société Générale as joint bookrunners, on the offering of €200 million 6.50% senior secured notes due 2024 by Louvre Bidco SAS, a subsidiary of funds advised by BC Partners.

Represented doValue S.p.A. on a €265 million senior secured notes issuance for the prepayment in full of the outstanding €265 million senior secured bridge facility loan granted to doValue S.p.A. on June 3, 2020. The secured bridge facility relates to the acquisition of 80 percent of the share capital in Greek loan servicing company Eurobank FPS Loans and Credits Claim Management Company S.A., which subsequently changed its corporate name to doValue Greece Loans and Credits Claim Management Société Anonyme. The senior secured notes have been issued by doValue S.p.A. at a fixed rate of 5.00% per annum and an issue price of 98.913%. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and the notes have been listed on the Luxembourg Stock Exchange.

Represented BNP Paribas, Crédit Agricole CIB, Natixis and Société Générale, as joint global coordinators and joint bookrunners on the issuance of senior notes by Faurecia, with an aggregate principal mount of €1 billion. The offering was split into two tranches: €300 million 2.625% senior notes due 2025 (to be consolidated and form a single series with Faurecia's existing €700 million 2.625% senior notes due 2025), and €700 million 3.750% notes due 2028.

Represented Rubis Terminal as Issuer on its offering of €410 million 5.625% Notes due 2025. The notes were offered and sold in accordance with Rule 144A and Regulation S under the US Securities Act of 1933. The proceeds of the notes were used to repay a €410 million bridge loan that was drawn in connection with the acquisition of a 45% stake in Rubis Terminal by I Squared Capital Advisors (US) LLC and the concurrent refinancing of the group's existing indebtedness.

Representation of the ad hoc group of secured creditors of Global Cloud Xchange (GCX) in the company's Chapter 11 bankruptcy proceeding in the United States Bankruptcy Court for the District of Delaware.

Representation of the bondholders of Solocal on the financial restructuring of the Solocal Group, the leading European provider of digital solutions for SME companies.

The Joint Global Coordinators and Joint Bookrunners in connection with the offering by OCI N.V. of US$600 million 5.250% Senior Secured Notes due 2024 and €700 million 3.125% Senior Secured Notes due 2024 (2019).

The notes purchasers in connection with the private placement by MCS Groupe of Senior Secured Floating Rate Notes due 2024 (2019)

The notes purchasers in connection with the private placement of 6.375% senior secured notes due 2025 by Pinnacle Bidco plc (2019)

Faurecia S.A. in connection with the offering of €500 million 3.125% Senior Notes due 2026 (2019)

Partners Group AG on the financing aspects of their acquisition of German energy services provider Techem from Macquarie, including the offering by Blitz F18-674 GmbH of €465 million 6% Senior Notes due 2026 (2018)*

An ad hoc group of bondholders of the US$300 million senior secured notes issued by Reliance Communication Limited (2018)*

Credit Suisse Securities Europe Ltd. and J.P. Morgan Securities plc in connection with the offering by Picard Groupe S.A.S. of €60 million floating rate senior secured notes due 2023 (2018)*

Partners Group AG and PSP Investments on the financing aspects of Cerba Healthcare's acquisition of French clinical pathology lab operator Bio7, including the offering of €60 million 5.375% Senior Notes due 2025 (2018)*

Credit Suisse Securities Europe Ltd. and J.P. Morgan Securities plc in connection with the offering by Picard Groupe S.A.S. of €1.19 billion floating rate senior secured notes due 2023 and the offering by Picard Bondco S.A. of €310 million 5.5% senior notes due 2024 (2017)*

EQT in connection with the initial public offering and the NASDAQ Helsinki listing of Terveystalo plc (2017)*

Maxeda DIY Holding B.V. in connection with its offering of €475 million 61/8% Senior Secured Notes due 2022 (2017). This transaction won the "Europe High Yield Bond" award at the IFR Awards 2017*

Banijay Group S.A.S. in connection with its issuance of €365 million of senior secured notes due 2022 (2017)*

Bain Capital Private Equity on its acquisition of leading Italian tyre wholesaler Fintyre (2017)*

An ad hoc group of holders of convertible bonds issued by Paladin Energy Limited (a listed Australian mining company) in connection with a proposed exchange offer and debt-to-equity swap (2017)*

An ad hoc committee of holders of the US$300 million notes due 2016 and US$700 million notes due 2017 issued by subsidiaries of PT Bumi Resources Tbk. (a listed Indonesian coal mining company) in connection with a restructuring through Indonesian suspension of payments proceedings (2017)*

Partners Group AG and PSP Investments on the financing aspects of their acquisition of French clinical pathology lab operator Cerba Healthcare from PAI Partners, including the offering by NewCo Sab MldCo S.A.S. of €180 million 5.375% Senior Notes due 2025 (2017)*

Algeco/Scotsman Holding S.à r.l. and certain of its subsidiaries in connection with the exchange offer and consent solicitation of the PIK loan of Algeco Scotsman PIK S.A., and the subsequent restructuring thereof through an English scheme of arrangement (2017)*

Algeco/Scotsman Holding S.à r.l. in connection with several private placements of senior secured notes of its subsidiary Algeco Scotsman Global Finance plc (2017)*

The purchasers on the issuance by N&W Global Vending S.p.A. of €100 million of second lien notes due 2023, to finance Lone Star Funds' acquisition of N&W Global Vending (2016)*

Astorg Partners and Kerneos Corporate S.A.S. in connection with the aborted refinancing of Kerneos and the sale of Kerneos to Imerys (2016)*

Oaktree Capital Management on the sale of SGD Group S.A.S. to China Jianyln Investment (JIC) (2016)*

Citigroup and the other initial purchasers in connection with the offering by Faurecia S.A. of €700 million 3.625% senior notes due 2023 (2016)*

I Squared Capital in connection with its acquisition of Viridian (2016)*

Labeyrie Fine Foods SAS on the issuance of €80 million 5.625% senior secured notes due 2021 (2016)*

Advent International, Bain Capital and Clessidra in connection with the offering by Mercury Bondco plc of €1.1 billion of high yield PIK notes to finance the acquisition of Istituto Centrale delle Banche Popoiari Italiane S.p.A. (ICBPI), an Italian payments banking group (2015). This transaction was named "High Yield Deal of the Year" at the IFLR Europe Awards 2015*

Bain Capital in relation to the redemption of the Floating Rate Senior Notes due 2020 by Ship Global 2 & Cy S.C.A. in connection with the IPO of Worldpay Group plc (2015)*

Bain Capital in relation to the initial public offering of Bravida and the related senior secured notes and floating rate senior notes redemption (2015)*

Altor Equity Partners and Bain Capital LLC on the sale of Norwegian fish-feed supplier EWOS to Cargill Inc (2015)*

Astorg Partners SAS on the issuance of €25 million senior secured floating rate notes due 2021 by Kerneos Tech Group SAS (2015)*

Cinven in the offering by Ephios Bondco PLC of €500 million 6.25% senior secured notes due 2022 and €300 million floating rate senior secured notes due 2022 in connection with the proposed acquisition of Labco S.A. by Ephios Bondco PLC (2015)*

BNP Paribas and the other initial purchasers in connection with the offering by Faurecia S.A. of €200 million 3.125% senior notes due 2022 (2015)*

BNP Paribas and the other initial purchasers in connection with the offering by Faurecia S.A. of €500 million 3.125% senior notes due 2011 (2015)*

BNP Paribas and the other initial purchasers in connection with the offering by Faurecia S.A. of €500 million 3.125% senior notes due 2022 (2015)

Credit Suisse Securities Europe Ltd. and J.P. Morgan Securities plc, in the offering by Picard Groupe S.A.S. of €342 million floating rate senior secured notes due 2019 and the offering by Picard Bondco S.A. of €428 million 7.750% senior notes due 2020 (2015)*

Albéa Beauty Holdings S.A. in connection with its offering of €45 million 8.75% Senior Secured Notes due 2019 (2015)*

Bain Capital on the issuance of SEK 920,160,000 Floating Rate Senior Notes due 2020 by Bravissima Holding AB (2014)*

Albéa S.A. in its $175 million initial public offering (aborted) (2014)*

Bain Capital in relation to the issuance of senior PIK notes due 2020 by Atalaya LuxCo PIKCo (Atento) (2014) and the subsequent partial redemption thereof in connection with the initial public offering of Atento S.A. (2014)*

Oaktree Capital Management and SGD Group S.A.S. in the offering by SGD Group S.A.S. of €350 million 5.625% senior secured notes due 2019 (2014)*

Autodistribution, a portfolio company of TowerBrook Capital Partners L.P., in connection with the offering by Autodis S.A. of €240 million senior secured notes due 2019 (2014)*

Bain Capital, Altor, Albain Midco Norway AS and Albain Bidco Norway AS in the offering by Albain Midco Norway AS of NOK 1,040 million Floating Rate Senior Notes due 2021 and in the offering by Albain Bidco Norway AS of €225 million 6.750% senior secured notes due 2020 and NOK 1,810 million senior secured floating rate notes due 2020, the proceeds of which were used to finance the acquisition of the EWOS Group by Albain Bidco Norway (2013)*

Credit Suisse Securities Europe Ltd., in the offering by Picard Groupe S.A.S. of €480 million floating rate senior secured notes due 2019 (2013)*

Bain Capital and Magnolia (BC) S.A. in the offering by Magnolia (BC) S.A. of €325 million 9% senior secured notes due 2020 in connection with the proposed acquisition of Maisons du Monde by Magnolia (BC) S.A.S. (2013)*

Elis, a Eurazeo portfolio company, in connection with its offering of €450 million in aggregate principal amount of senior secured notes due 2018 and the concurrent private placement of €380 million in aggregate principal amount of senior subordinated notes due 2018 and a private placement of €173 million in aggregate principal amount of PIK notes due 2018 (2013)*

CVC Capital Partners, in the offering of €350 million senior secured notes due 2020 by Trionista Holdco GmbH and the offering of €525 million senior subordinated notes due 2021 issued by Trionista Topco GmbH in connection with the acquisition of ista International GmbH (2013)*

Integrated Dental Holdings Finance plc, a Carlyle portfolio company, in connection with its offering of £200 million in aggregate principal amount of senior secured fixed rate notes due 2018, £125 million in aggregate principal amount of senior secured floating rate notes due 2018 and £75 million in aggregate principal amount of second lien notes due 2019 (2013)*

Avis Budget Finance plc, in its offering of €250 million senior notes due 2021 issued in connection with the acquisition of Zipcar, Inc (2013)*

Labco S.A., in connection with its offering of €100 million 8.5% senior secured notes due 2018 (2013)*

Edcon Proprietary Limited, in connection with its offering of €300 million 9.5% senior secured notes due 2018 and the concurrent tender offer for ca. €750 million of its senior secured notes due 2014 (2013)*

*Matters worked on prior to joining White & Case

Awards and Recognition

Leading Individual
Legal 500 UK:High Yield

'Gilles Teerlinck offers very commercial advice – he has a real grasp of the background and goes the extra mile in producing practical solutions, which is enhanced by his excellent knowledge of the market.'

'Gilles Teerlinck is an excellent attorney who advises on all aspects of high yield. He is very commercial, provides client-focused advice and is always a pleasure to work with.'

'Gilles Teerlinck is very commercial in addition to having strong technical knowledge. He combines deal experience with strong technical skills and good commercial acumen, which is helpful in the context of negotiations.'

Legal 500 UK 2020: High Yield

The Asia Legal Awards 2018, "Finance Deal of the Year: Insolvency and Restructuring," for PT Bumi Resources' $4.5B global debt restructuring 

"Europe High Yield Bond" award at the IFR Awards 2017 for Maxeda DIY Holding B.V.'s offering of €475 million 61/8% Senior Secured Notes 

International Financial Law Review European Awards 2016, "High Yield Deal of the Year," for ICBPl's €1.1 billion of high yield PIK notes 

International Financial Law Review European Awards 2016, "Equity Deal of the Year," for WorldPay's IPO 

International Financing Review, "Europe High Yield Bond of the Year," IFR Awards 2015, for ICBPI's €1.1 billion of high yield PIK notes