IFLR1000

Sappi Papier Holding €350 million 4% high yield bond issue

12/4/2016
High-yield bond/note issue
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€ 350 million

Completed

12/4/2016

Overview:

  • Sappi Papier Holding issued a €350 million high yield bond. 
  • The issuer is the European holding company of South African wood-free paper producer, Sappi.
  • The notes have a coupon of 4%, mature in April 2023, and were listed on the Luxembourg Stock Exchange.  
  • Joint global coordinating bookrunners on the issue were Citigroup, Crédit Agricole CIB, and JP Morgan.
  • Joint lead managers and bookrunners were Erste Group, KBC Bank, RBS, Standard Chartered, and UniCredit.

Ben Naylor - Regional editor

 

Jurisdictions:

United States
South Africa
Luxembourg
Austria

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing laws:

New York
England and Wales
South Africa

Industry sector:

Industrials and manufacturing

Firms:
Bowmans

Party: Sappi (Issuer)

Cravath Swaine & Moore

Party: Sappi (Issuer)

Latham & Watkins

Party: JPMorgan Chase (Joint global coordinating bookrunners )

Party: Crédit Agricole Corporate and Investment Bank (Bookrunner)

Party: Erste Group Bank (Bookrunner, Joint lead manager)

Party: Unicredit (Bookrunner, Joint lead manager)

Party: KBC Bank (Bookrunner, Joint lead manager)

Party: Citigroup (Bookrunner)

Party: RBS (Bookrunner, Joint lead manager)

Schoenherr

Party: JPMorgan Chase (Joint global coordinating bookrunners )

Party: Crédit Agricole Corporate and Investment Bank (Joint global coordinating bookrunners )

Party: Erste Group Bank (Joint lead manager, Bookrunner)

Party: RBS (Joint lead manager, Bookrunner)

Party: Citigroup (Joint global coordinating bookrunners )

Party: KBC Bank (Joint lead manager, Bookrunner)

Party: Unicredit (Joint lead manager, Bookrunner)

Werksmans Attorneys

Party: JPMorgan Chase (Joint global coordinating bookrunners )

Party: Crédit Agricole Corporate and Investment Bank (Joint global coordinating bookrunners )

Party: Erste Group Bank (Joint lead manager, Bookrunner)

Party: Unicredit (Joint lead manager, Bookrunner)

Party: KBC Bank (Joint lead manager, Bookrunner)

Party: Citigroup (Joint global coordinating bookrunners )

Party: RBS (Joint lead manager, Bookrunner)

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