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2018
Deal

Paprec issued EUR 800 Million Green Bond

Paprec group offers recycling solutions for all types of waste with more than 200 sites in France and Switzerland. Paprec Group issued a green bond ("dette obligataire verte"), confirmed by an independent second party opinion to be aligned with the Green Bond Principles, in the amount of EUR 800 million, i.e. EUR 575 million in aggregate principal amount of 4% Senior Secured Notes due 2025 and EUR 225 million in aggregate principal amount of Senior Secured Floating Rate Notes due 2025. In addition to the bond offering, a EUR 200 million super senior revolving credit facility was signed with a syndicate of banks.

VISCHER acted as Swiss counsel to Paprec in connection with the EUR 1 billion financing. The team was led by Dr. Adrian Dörig (Partner, Banking & Finance) with the support of Seraina Tsering (Senior Associate, Banking & Finance), Christian Wyss (Partner, Corporate) and Christoph Niederer (Partner, Tax).

 

 

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