Gide advised Veolia Environnement S.A. (“Veolia”) in connection with its cash tender offer to purchase an aggregate principal amount of up to USD 100,000,000 of its USD 400,000,000 6.750% Senior Notes due 2038 (the “Notes”).
The purpose of the tender offer was to reduce Veolia’s outstanding indebtedness and interest expense.
The tender offer launched on November 26, 2019 with an expiration date of January 3, 2020. The Notes tendered on the early participation date of December 10, 2019 exceeded the maximum tender amount of USD 100,000,000 and Veolia elected to have an early settlement date on December 23, 2019.
The Gide team advising Veolia was led by capital markets partner Melinda Stege Arsouze, together with senior associate Scott Logan and associate Amine Assouad. Partner Hubert du Vignaux and counsel Laurent Vincent assisted on certain French law aspects.
The dealer managers were advised by Cleary Gottlieb Steen & Hamilton LLP.