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Latham Advises the Banks in Connection With Faurecia’s €700 Million of Sustainability-Linked Senior Notes Due 2026
December 5, 2022
A Paris corporate team represented the banks in the transaction.
Latham & Watkins has advised the banks in connection with Faurecia’s issuance of €700 million of sustainability-linked senior notes (the SL Notes) at 7.25%, due 2026. The SL Notes are to be issued under Faurecia's Sustainability-Linked Financing Framework established in October 2021.
Faurecia will use the net proceeds of the offering of the SL Notes to refinance in part the bridge facilities put in place for the acquisition of Hella.
The Latham team was led from Paris by corporate partner Thomas Margenet-Baudry, with counsel Michael Ettannani, and associate Hamza El Mouahid.