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News Mar 05, 2014

Shearman & Sterling Represents Joint Bookrunners on €250m Offering by Darty Financements S.A.S.

Shearman & Sterling represented the joint bookrunners, led by BNP Paribas, Crédit Agricole Corporate and Investment Bank and HSBC Bank plc as Global Coordinators, in connection with the offering by Darty Financements S.A.S. of its €250,000,000 5.875% Senior Notes due 2021. The proceeds of the offering will be used to refinance existing debt obligations of the group.

Darty is a leading electronics retailer in France, Belgium and the Netherlands. It markets and distributes products through a network of over 400 stores across Europe, as well as through its market-leading websites and mobile applications.

The Shearman & Sterling team included associates Melanie Probst (London-Capital Markets) and Joseph Payne (London-Capital Markets). Partner Kristen Garry (Washington, DC-Tax) and associate Mary Jo Lang (Washington, DC-Tax) advised on US tax matters. Partner Peter Hayes (London-Finance) and associate Chris White (London-Finance) advised on the English law-governed aspects of the transaction. Partner Pierre-Nicolas Ferrand, (Paris-Finance), counsel Anne-Sophie Maes (Paris-Tax) and Severine De La Courtie (Paris-Capital Markets), and associates Nathalie Barzilai (Paris-Finance) and Frédéric Guilloux (Paris-Finance) advised on the French law-governed aspects of the transaction.