Grégoire Karila | White & Case LLP International Law Firm, Global Law Practice
Grégoire Karila
Grégoire Karila

Grégoire Karila

Partner, Paris

T +33 1 55 04 58 40

E gkarila@whitecase.com

Overview

Grégoire Karila is a partner in the Firm's Capital Markets practice group in Paris.

After having practiced three years as in-house legal adviser at an international investment bank and 7 years at a Magic Circle law firm in Paris, he joined White & Case in 2013.

Grégoire's experience includes debt capital markets products (bond issues, regulatory & hybrid capital, structured MTNs and liability management transactions), and derivatives.

Bars and Courts

  • Paris Bar

Education

  • Université de Paris I Pantheon Sorbonne, Post-Graduate Degree (DESS) in Banking and Financial Law

Languages

  • English
  • French
  • German

Experience

Rallye – Offering of Non-Dilutive Cash-Settled Bonds Exchangeable for Casino Shares, 2016: Represented the Co-Bookrunners on the offering by Rallye of €200 million 5.25% non-dilutive cash-settled bonds due February 2022 exchangeable into Casino shares. This is the first issue in Europe of cash neutral exchangeable bonds.

Sodexo – Bond Issue, 2016: Represented the Joint Lead Managers and the Co-lead Managers on the issue of €600 million 0.750% Bonds due 14 April 2027 by Sodexo.

Air France-KLM – Bond Issue, 2016: Represented the Global Coordinators and the Joint Lead Managers on the issue by Air France-KLM of €400 million 3.750% Notes due October 2022.

A28 Motorway – Refinancing, 2016: Represented the Joint Arrangers and Bookrunners on the refinancing of Autoroute de Liaison Seine-Sarthe (Alis). The original funding which dates back from 2002 consisted in bonds listed on the Luxembourg Stock Exchange and issued by a Jersey-based SPV incorporated by Alis. The complex and innovative refinancing included a tender offer and exit consent as well as a new senior secured issue.

Total – Hybrid Bond Issue, 2016: Represented the Joint Bookrunners on the offering by Total S.A. of its dual-tranche €1 billion Undated Non-Call 6.6 Year Deeply Subordinated Fixed Rate Resettable Notes and €1.5 billion Undated Non-Call 10 Year Deeply Subordinated Fixed Rate Resettable Notes.

Casino –  Tender Offer, 2016: Advised Casino, Guichard-Perrachon in connection with a tender offer allowing the group to buyback notes maturing in August 2019, January 2023 and August 2026 for a total amount of €333.3 million.

AXA – Undated Subordinated Notes Issue, 2016: Represented AXA on its issue of USD 850 million 4.50 per cent. Undated Subordinated Notes, structured to be eligible as Tier 2 capital under Solvency II.

Gabonese Republic – Bond offering, 2015: Advised the Gabonese Republic on its issue to the international markets of US$500 million bonds due 2025 and bearing interest at a rate of 6.95 percent. The proceeds received by the Gabonese Republic will be dedicated to priority infrastructure projects as part of the Strategic Plan for an Emerging Gabon. White & Case also advised the Republic of Gabon on its previous bond issue in 2013 for a total amount US$ 1.5 billion.