Shearman & Sterling advised Nexans on its €400 million Negotiable European Commercial Paper program- NEU CP.
The NEU CP will be domiciled with CACEIS Corporate Trust, as domiciliary agent for the program. The NEU CP will be placed mainly through financial intermediaries: BNP Paribas, Crédit Agricole Corporate and Investment Bank, Crédit Industriel et Commercial, Natixis and Société Générale.
Nexans is a global leader in advanced cabling and connectivity solutions. The Nexans Group is committed to facilitating energy transition and supporting the exponential growth of data by empowering its customers in four main business areas: Building & Territories (including utilities, smart grids and e-mobility), High Voltage & Projects (covering offshore wind farms, submarine interconnections and land high voltage), Telecom & Data (covering data transmission, telecom networks, hyperscale data centers and LAN), and Industry & Solutions (including renewables, transportation, oil & gas, automation and others). Nexans employs more than 26,000 people with industrial footprint in 34 countries and commercial activities worldwide. In 2017, the company generated €6.4 billion in sales.