Shearman And Sterling

News July 01, 2016

Shearman & Sterling Advises on Titan Cement’s Offering of €300 Million Guaranteed Notes and Cash Tender Offer

Shearman & Sterling advised Titan Global Finance on its offering of €300 million offering of 3.500 percent guaranteed notes due 2021, as well as its cash tender offer for its outstanding 8.75 percent guaranteed notes due January 2017. The offering closed on June 17, 2016.

The notes are guaranteed by Titan Cement, which has been listed on the Athens Exchange since 1912. Titan Cement is the parent company of a vertically integrated group that manufactures, distributes and trades cement, aggregates, ready-mix concrete and related building products in four regions: the United States, Greece and Western Europe, Southeastern Europe and the Eastern Mediterranean.

The Team