Nachrichten November 17, 2017

Shearman & Sterling Advises on Titan Cement’s Offering of €250 million Guaranteed Notes and Cash Tender Offer

Shearman & Sterling advised Titan Global Finance on its offering of €250 million 2.375 percent guaranteed notes due 2024, as well as its cash tender offer for its outstanding 4.25 percent guaranteed notes due 2019. The notes are guaranteed by Titan Cement, and the offering closed on November 16, 2017.

Titan Cement, which has been listed on the Athens Exchange since 1912, 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: United States, Greece and Western Europe, Southeastern Europe and Eastern Mediterranean.

The Shearman & Sterling team was led by partner Apostolos Gkoutzinis, counsel Jonathan Handyside and associates Iakovos Anagnostopoulos and Bouchra Haji (all London-Capital Markets); counsel Mehran Massih (London-Real Estate); and partner Simon Letherman and associate Sarah Moir-Porteous (both London-Tax).