Shearman & Sterling acted as counsel to the initial purchasers in connection with the €3.7 billion (equivalent) four-tranche USD and Euro-denominated bond issue in support of the public to private acquisition of iliad Group by Xavier Niel, the founder and current controlling shareholder of the iliad Group. The offering represents the largest European high-yield bond issue so far in 2021.

Iliad is one of the largest telecommunications companies in Europe and is looking to use the take-private as an opportunity to accelerate its growth and pursue a new strategic plan focused on 5G and fiber networks.

The Shearman & Sterling team below included Derek Andersen (London-Finance), and Matthew Brown (Washington, D.C.-Tax).

The Team