Stibbe assisted Essendi S.A. with all Luxembourg legal aspects of its financing
Matter
LU Law
Expertise
Stibbe assisted Essendi S.A. with all Luxembourg legal aspects of its financing consisting of bonds issuance for an aggregate amount of €1.250 billion.
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Stibbe assisted Essendi S.A. (formerly AccorInvest Group S.A.), a Luxembourg based leading hotel owner and operator in Europe, with all Luxembourg legal aspects of its financing consisting of the following bonds’ issuance for an aggregate amount of €1.250 billion:
- €550,000,000 senior secured floating rate notes due 2032;
- €400,000,000 5.375% senior secured notes due 2030; and
- €300,000,000 5.625% senior secured notes due 2032.
The bonds are listed on the Luxembourg Stock Exchange and admitted for trading on the Euro MTF Market thereof.
For this transaction, Stibbe worked closely with Latham & Watkins Paris, who acted as lead counsel.
