Gide advised the bank syndicate in connection with an issue by Orange of hybrid notes for an amount of EUR750 million and a concurrent buyback transaction relating to two series of hybrid notes for an amount of EUR750 million

Gide assisted a bank syndicate composed of BNP PARIBAS, Citigroup Global Markets Europe AG, Commerzbank Aktiengesellschaft, Crédit Industriel et Commercial S.A., Deutsche Bank Aktiengesellschaft, Mizuho Bank Europe N.V., Morgan Stanley Europe SE, MUFG Securities (Europe) N.V., NatWest Markets N.V. et Société Générale on the issuance by Orange of €750 million undated 7-year non-call deeply subordinated fixed to reset rate notes.

Concurrently, Gide advised a bank syndicate composed of BNP PARIBAS, Citigroup Global Markets Europe AG and MUFG Securities (Europe) N.V. in connection with a tender offer initiated by Orange on two series of hybrid notes for an amount of EUR750 million.

Gide’s team was led by partner Laurent Vincent, assisted by Louis Ravaud, counsel, and Akim Zellami, associate.