Gide advised the bank syndicate in connection with an issue by Orange of hybrid notes for an amount of EUR850 million and a concurrent buyback transaction relating to two series of hybrid notes for an amount of EUR356 million

Gide assisted a bank syndicate composed of Barclays Bank Ireland PLC, CaixaBank, S.A., Citigroup Global Markets Europe AG, Commerzbank Aktiengesellschaft, Crédit Industriel et Commercial S.A., Goldman Sachs Bank Europe SE, ING Bank N.V., Belgian Branch, NatWest Markets N.V., RBC Capital Markets (Europe) GmbH and UniCredit Bank GmbH on the issuance by Orange of €850 million undated 7-year non-call deeply subordinated fixed to reset rate notes.

Concurrently, Gide advised a bank syndicate composed of Barclays Bank Ireland PLC, Citigroup Global Markets Europe AG and NatWest Markets N.V. in connection with a tender offer initiated by Orange on two series of hybrid notes for an amount of approximately EUR356 million.

Gide’s team was led by partner Laurent Vincent, assisted by Emilie Radisson and Akim Zellami, associates.