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Allen & Overy advises NATIXIS on the successful placement of the first Schuldschein loan issued by the M6 Group with a total volume of EUR 75m

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Ehret Michael
Dr Michael Ehret


Frankfurt am Main

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06 September 2019

Allen & Overy has advised the investment bank NATIXIS on the successful capital markets placement of a Schuldschein with an aggregate volume of EUR 75m raised by M6 Group, a powerful multimedia giant in France.

The Schuldschein comprises a fixed-rate tranche and a floating-rate tranche, each with a term of 7 years. The proceeds serve to partially finance the acquisition of Lagardère’s TV business by M6 Group. The transaction met with strong demand from institutional investors and was priced at the lower end of the envisaged target range (100 bps for both the fixed- and floating-rate tranches).

The Allen & Overy team was led by partner Christoph Enderstein (Frankfurt) and comprised partners Julien Sebastien (Paris, both International Capital Markets), Dr Michael Ehret (Frankfurt), Mathieu Vignon (Paris, both Tax), associates Sang-Woon Lee (Frankfurt), Laure Bellenger (Paris, both International Capital Markets), Virginie Chatté (Paris) and tax specialist Tobias Eggert (Frankfurt, both Tax).

Grégory Le Fouler handled the transaction in-house at M6 Group.

The Debt Capital Markets team led by Christoph Enderstein advises both investment banks and issuers in connection with domestic and international capital markets transactions, in particular on bonds, covered bonds (Pfandbriefe), securitised derivatives, structured bonds, hybrid instruments, Schuldschein loans, registered notes and debt issuance programmes, as well as related regulatory issues.