Shearman & Sterling Advises Heckler & Koch on €295 Million High Yield Bond Offering

13 May 2011

Shearman & Sterling represented Heckler & Koch on its €295 million high yield bond offering. The company will use the proceeds from the bond offering to refinance Heckler & Koch’s outstanding notes, purchase all PIK (payment in kind) loans of Heckler & Koch Beteiligungs GmbH held by third parties and pay related transaction fees and expenses.

Heckler & Koch, in operation for more than 60 years, is a leading European manufacturer of small arms. The company designs, produces and distributes small arms, including rifles, side arms, fully automatic weapons, grenade launchers and a variety of other related products.

The Shearman & Sterling team of lawyers in the firm's London, Frankfurt, Paris and New York offices was led by partners Jacques McChesneyEsther Jansen and Mei Lian and counsel Gabrielle Wong. They were assisted by associates Joji Ozawa and Ellen Shiels on the capital markets side and Sebastian Cohnen, Odilo Wallner, Melissa Gainsford, Monsiree Jirasarunya and Romain Rabillard on finance aspects. Associates Derek Kershaw, Norbert Mückl and Marc Sälzer advised on tax aspects of the offering.


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