Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

News Apr 11, 2019

Loxam’s €500 Million Notes Offering

Shearman & Sterling advised BNP Paribas, Crédit Agricole CIB and Deutsche Bank, London Branch, as joint book-runners, on Loxam’s high yield notes offering, consisting of €300 million 2.875% senior secured notes due 2026 and €200 million 4.500% senior subordinated notes due 2027. The senior secured notes are guaranteed on a senior basis by Nationwide Platforms Limited and Loxam Module S.A.S., and are secured on a first-priority basis by certain intellectual property rights and the share capital of certain of Loxam’s subsidiaries. The offering, which was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act, closed on April 11, 2019.

Loxam is a leading equipment rental company in Europe and is the fifth-largest equipment rental group in the world for the construction, industry, public works, services and events sectors.

The Shearman & Sterling team also included associate Ahuva Weinreich (New York-Tax).

The Team