Linklaters advises iliad on its €500 million bonds issuance and on a tender offer targeting its outstanding bonds due October 2024 and April 2025

Linklaters has advised iliad on its new bonds issuance of a principal amount of €500 million, with a 7-year maturity and an annual interest rate of 5.375 per cent. and, concurrently, on its tender offer to repurchase for cash its outstanding bonds due October 2024 and April 2025

The bonds issued are admitted to trading on the regulated market of Luxembourg Stock Exchange. The net proceeds of the new bonds issuance has been used by iliad for its general corporate purposes and, in whole or in part, to finance its concurrent tender offer on its bonds maturing in October 2024 and April 2025.

On the settlement date of the tender offer which took place on 3 May 2024, iliad SA has repurchased for cash €135,100,000 in principal amount of its outstanding bonds due October 2024 and €346,400,000 in principal amount of its outstanding bonds due April 2025.

The Linklaters team advising iliad was composed of Véronique Delaittre, partner, Antoine Galvier and Bénédicte de Moras, managing associates.