Shearman & Sterling represented Tereos SCA on its high yield bond offering of €125 million 7.500% senior notes due 2025 through its subsidiary Tereos Finance Group I SA.

The proceeds of the offering were used to repay in part an existing credit line, for general corporate purposes and to pay fees and expenses in connection with the transaction. The offering, which was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act, closed on April 20, 2021.

Tereos is a leading company in the sugar, alcohol and starch markets operating through a network of 48 industrial sites in 18 countries and approximately 22,300 employees.

The Team