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Weil Advises on €550M High Yield Offering and Concurrent Tender Offer by Fnac Darty

Weil has advised BNP Paribas and Crédit Agricole Corporate and Investment Bank, as joint global coordinators and joint physical bookrunners, Natixis and Société Générale, as joint global coordinators and BBVA, Belfius, CaixaBank, CIC Market Solutions and La Banque Postale as joint bookrunners in connection with Fnac Darty S.A.’s refinancing, comprising of a new issuance of €550 million 6.000% senior notes due 2029 and a concurrent cash tender offer to holders of its existing 1.875% senior notes due 2024 and 2.625% senior notes due 2026.

The Weil team was led by High Yield Partner Gilles Teerlinck and included associates Pierre Brule and David St-Onge in London, as well as Finance Partner James Clarke and associate Caroline Bloch in Paris.