IFLR1000

Loxam €500 million dual tranche high yield bond issue

23/3/2019
High-yield bond/note issue
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€ 500 million

$ 562.526 million

Completed

23/3/2019

Overview:

  • Loxam issued €500 million of high-yield notes in two tranches - €300 million 2.875% senior secured notes due 2026 and €200 million 4.5% senior subordinated notes due 2027.
  • Loxam is an equipment rental group in the construction, industry, public works, services and events sectors, present in 15 countries worldwide.

Laura Mendes - Researcher

Jurisdiction:

France

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing law:

France

Industry sectors:

Consumer goods and services
Construction and materials

Firms:
Latham & Watkins

Party: Loxam (Issuer)

Lawyers: Etienne Gentil, Thomas Margenet-Baudry

Shearman & Sterling

Party: BNP Paribas (Lead manager)

Party: Crédit Agricole (Lead manager)

Party: Deutsche Bank (Lead manager)

Lawyers: Korey Fevzi, Pierre-Nicolas Ferrand, Ward McKimm

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