Allen & Overy advises syndicate banks on placement of convertible bonds issued by Dürr AG
25 September 2020
The bonds carry a 0.75% coupon and are due for repayment in 2026. They were placed by way of an accelerated bookbuilding procedure and had a total volume of EUR 150 million.
Dürr AG intends to use the net issue proceeds from the transaction for general business purposes and in order to continue its acquisition strategy.
Allen & Overy's transaction team was led by partner Dr. Knut Sauer and also comprised senior associate Nadine Kämper (both ECM, Frankfurt).