Jeantet advised Figeac Aéro, a leading partner of major aerospace manufacturers, on the issuance of net share settled bonds convertible into new shares and/or exchangeable for existing shares (ORNANEs) by way of a private placement placed to qualified institutional investors, for a nominal amount of approximately €100 million.
The ORNANEs, the nominal value per bond of which has been set at €25.72, will mature on October 18, 2022 and will bear interest at an annual nominal rate of 1.125%.
The settlement and delivery of the ORNANEs took place on October 18, 2017.
On the same date, the ORNANEs have been admitted to trading on the open market (Freiverkehr) of the Frankfurt Stock Exchange.
The issuance of the ORNANEs will allow Figeac Aéro to continue both its organic and external growth strategy and to diversify its financing sources.
BNP Paribas and Oddo BHF SCA acted as Joint Lead-Managers and Joint Bookrunners in the context of the ORNANEs private placement.
Jeantet: Cyril Deniaud, counsel, Benjamin Cohu and Clémence Gagneux, associates (Corporate / Capital market law department).
Jones Day (Florent Bouyer and Linda Hesse, partners, and Aurélien Gredy) advised BNP Paribas and Oddo BHF SCA.