IFLR1000

SIG Combibloc Group €1.85 billion debt refinancing

22/6/2020
Investment grade bond/note issue, Refinancing
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€ 1.85 billion

$ 2.11 billion

Announced

22/6/2020

Overview:

  • SIG Combibloc Group, a Swiss aseptic packaging solutions provider, has issued over €1 billion notes and €850 million in loan facilities, through its subsidiary SIG Combibloc PurchaseCo, as part of the group refinancing.
  • The debt financing included a €450 million 1.875% bond issue due 2023 and a €550 million 2.125% bond issue due 2025, both listed on the Irish Stock Exchange.
  • The €850 million loan facility, entered into by certain subsidiaries of the group, is sustainability-linked. 

Natasha Forrest - Researcher

Jurisdiction:

Switzerland

Deal types:

Investment grade bond/note issue
Refinancing

Practice area:

Capital markets : Debt

Industry sector:

Industrials and manufacturing

Firms:
Bär & Karrer

Party: SIG Combibloc Group (Issuer)

Lawyer: Ralph Malacrida

Niederer Kraft Frey

Party: Goldman Sachs (Initial purchaser, Global coordinator)

Party: UBS (Initial purchaser, Global coordinator)

Party: Unicredit Bank (Initial purchaser, Global coordinator)

Party: Credit Suisse Securities (Initial purchaser)

Lawyer: Philippe Weber

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