News & Announcements

Weil Advises on €1.15B High Yield Offering by Bertrand Franchise

Weil advised BNP Paribas and Goldman Sachs Bank Europe SE, as joint global coordinators and joint bookrunners, and BofA Securities Europe SA, Crédit Agricole Corporate and Investment Bank, Citigroup Global Markets Europe AG, J.P. Morgan SE and Morgan Stanley Europe SE, as joint bookrunners in connection with Bertrand Franchise Finance’s offering of €850.0 million floating rate senior secured notes due 2030 and €300.0 million 6.50% senior secured notes due 2030.

Bertrand Franchise is France’s leading multi-brand food service franchising platform, renowned for its diverse and strategically curated portfolio of market-leading restaurant brands such as Burger King, Au Bureau, Hippopotamus and Léon.

The proceeds of the offering of the notes were used to primarily repay indebtedness of the group. Concurrently with this offering, Bertrand Franchise Finance entered into a new €165.0 million revolving credit facility.

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 associates Awen Carnot and Karina Tepsaeva in Paris. Tax partner Edouard de Lamy and associate Axelle Trintignac advised on French tax matters, with U.S. tax advice from partner Greg Featherman and associate Carlos Parra.