Linklaters advises Solvay on its inaugural €1.5bn dual tranche bond issuance

Linklaters has assisted Solvay to complete its first €1.5bn dual tranche bond issuance. The bond issuance was another important milestone for Solvay after the strategic spin-off of its €6bn speciality business to Syensqo.

The teams' work followed the strategic advice given by the team on the preparation and the execution of the spin-off in 2023. This involved a comprehensive €4 bn bond liability management exercise and the establishment of new capital structures for Solvay and Syensqo after the spin-off, consisting of various syndicated and bilateral term, revolving and bridge bank loans and new short term debt programmes for a total amount of around €8.4bn.

The Linklaters team was headed by Brussels based partner Anne-Sophie Vankemmelbeke, with the assistance of associates Delphine Collinet, Seline Akdeniz, and Maximilian Drijber.