Groupe Fnac Completes Senior Notes Offering
09.30.16
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Simpson Thacher represented Groupe Fnac S.A. in connection with its offering of €650 million aggregate principal amount of 3.25% Senior Notes due 2023. The proceeds of the offering were used to refinance outstanding indebtedness under a bridge facility entered into to finance Fnac’s acquisition of the share capital of Darty plc.
Fnac is a leading French retail distributor of entertainment and leisure products (including consumer electronics) and operates over 200 stores across several countries. Darty is a leading multi-channel service-led electrical retailer operating over 400 stores in three European countries.
The Simpson Thacher team included Nick Shaw, Till Lefranc, Anna Huilaja, Manuela Gonzalez-Arias, Aled Knights and Audrey Fassi-Fihri (Capital Markets); Antti Pesonen (Credit); and Meredith Jones and Jasmine Hay (Tax).