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Thursday, February 22, 2024

Freshfields advises Amadeus on €250m floated rate bond issue

Freshfields Bruckhaus Deringer is counselling Amadeus on its €250m floating rate bond issue, a tap issue of its successful €500m 2NC1 bond issued earlier this year. The bond, with a two-year maturity, will be listed on the Luxembourg Stock Exchange

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Amadeus has agreed to increase in an aggregate nominal amount of €250 million its €500 million 2-year Floating Rate Notes due 25 January 2024 issued on January 25, 2022 and admitted to trading on the Luxembourg Stock Exchange, under its €5,000 million Euro Medium Term Note Programme.

In this regard, a Supplement dated March 17, 2022 to the wholesale base prospectus dated August 4, 2021 was approved by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg on the same day.

The Tap Issue will become fungible with the original 2NC1 Notes after 40 days and has the same features as the original 2NC1 Notes, i.e., a maturity date of 25 January 2024, with an optional redemption for the issuer on 2 February 2023 and a floating interest rate of 3-month Euribor plus 60 basis points, payable on a quarterly basis. The issue price of the Tap Issue is 99.90% of its nominal value.

Settlement of the Tap Issue is scheduled to take place on April 1, 2022.

Freshfields advised Amadeus with a Global Transactions Capital Markets team formed by partner Alfonso de Marcos, counsel Joe Amann, associates Chelsey Kaka and Javier González, and trainee Chloe Clavell.

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