Stibbe advises Intertrust on notes offering and new facilities agreement

NL Law

Stibbe advised Intertrust on a EUR 500 million notes offering and a new facilities agreement.  

Intertrust successfully priced an offering of EUR 500 million 7-year senior unsecured notes and used the proceeds from this notes offering for the refinancing of its current debt facilities. The new facilities agreement of approximately EUR 435 million matures in 2023.

The new capital structure enables Intertrust to diversify its sources of financing, extend the debt maturity profile, increase liquidity and improve the currency mix.