12 April 2024
Deals | France | FIN
Gide assisted a bank syndicate composed of BofA Securities Europe SA, CaixaBank, S.A., Crédit Agricole Corporate and Investment Bank, Crédit Industriel et Commercial S.A., Deutsche Bank Aktiengesellschaft, HSBC Continental Europe, Morgan Stanley Europe SE, NatWest Markets N.V., RBC Capital Markets (Europe) GmbH and Société Générale on the issuance by Orange of €700 million undated 6.9-year non-call deeply subordinated fixed to reset rate notes. The issue was carried out under the Euro Medium Term Note (EMTN) programme of Orange and the notes have been listed on the regulated market of Euronext Paris.
Concurrently, Gide advised a bank syndicate composed of Crédit Agricole Corporate and Investment Bank and Société Générale in connection with a tender offer initiated by Orange on two series of hybrid notes for an amount of EUR699 milllion.
Gide’s team was led by partner Laurent Vincent, assisted by counsel Louis Ravaud, and assocaites Emilie Radisson and Bianca Nitu.