Hengeler Mueller advises banking syndicate on issuance of two bonds by K+S Aktiengesellschaft
19. December 2013
Hengeler Mueller has advised the banking syndicate led by BNP Paribas, Deutsche Bank AG, London Branch, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, and Morgan Stanley & Co. International plc as Joint Lead Managers with respect to the issuance by K+S Aktiengesellschaft of two bonds with a total volume of EUR 1 bn. Each of the five and the eight year tranche has an aggregate principal amount of EUR 500 m.
The producer of potash and salt products, K+S Aktiengesellschaft intends to use the proceeds of the bonds issuance to refinance existing debt, for general corporate purposes and to finance capital expenditures in the Legacy Project in Canada.
The Hengeler Mueller team was led by both partner Hendrik Haag and counsel Bianka Bielecke (both Banking and Capital Markets, both Frankfurt).