新闻 February 10, 2022

Loxam’s €350 Million Notes Offering

Shearman & Sterling advised Crédit Agricole Corporate and Investment Bank, BNP Paribas, Deutsche Bank Aktiengesellschaft, Barclays Bank Ireland PLC, BofA Securities Europe SA, Crédit Industriel et Commercial S.A., J.P. Morgan SE, Natixis, and Société Générale, as initial purchasers, on Loxam’s offering of €350 million 4.500% senior secured notes due 2027. The notes are guaranteed on a senior basis by Nationwide Platforms Limited, Loxam Module S.A.S. Ramirent Finland Oy and Ramirent AB, 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 February 10, 2022.

Loxam is the leading equipment rental company in Europe and is the fourth-largest player in the world with a network of approximately 1,050 branches over 30 countries on four continents.

The Shearman & Sterling team below included associates Derek Andersen (London-Finance) and Charlie Gelbon (Paris-Finance).

The Team

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