HLD's Inaugural €300M Bond Advisement by White & Case
Deal News | Apr 03, 2025 | White & Case LLP
Global law firm White & Case LLP provided legal guidance to a banking syndicate led by BNP Paribas, Crédit Agricole Corporate and Investment Bank, and Société Générale on HLD's inaugural €300 million bond issuance, set to mature in 2030 with an annual interest rate of 4.125%. These bonds will trade on the EuroMTF market, and proceeds are earmarked for general corporate purposes, including the refinancing of senior unsecured bonds due in 2026. Additionally, White & Case advised banks including Natixis and Banque Internationale Luxembourg on HLD's €100 million syndicated Revolving Credit Facility. HLD, founded in 2010, manages over €4 billion across several European countries, supporting high-growth companies. The White & Case advisory teams were led by prominent partners from their Paris and Luxembourg offices.
Sectors
- Legal Services
- Investment Management
- Banking and Finance
- Capital Markets
Geography
- Luxembourg – HLD is established in Luxembourg, and bonds will trade on the EuroMTF, relevant because part of the advisory team is based there.
- France – The banking syndicate involves French banks, and White & Case has significant participation from its Paris office.
- Europe – HLD operates across various European countries, which is central to its investment operations.
Industry
- Legal Services – The article discusses services provided by the global law firm White & Case in advising on HLD's bond issuance and credit facility.
- Investment Management – HLD is described as an investment group managing over €4 billion in assets, supporting high-growth companies across Europe.
- Banking and Finance – The article involves multiple major banks such as BNP Paribas, which are part of the banking syndicate for HLD’s financial operations.
- Capital Markets – The issuance of a €300 million bond to be traded on the EuroMTF market highlights the capital markets aspect of the article.
Financials
- €300 million – The total amount of bonds issued by HLD, maturing in 2030.
- 4.125% – Annual interest rate of the bonds issued by HLD.
- €100 million – The amount of HLD's syndicated Revolving Credit Facility.
- €4 billion – The assets under management by HLD.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| White & Case LLP | Advisor | Company | Global law firm that provided legal advisory services for the €300 million bond issue and €100 million credit facility for HLD. |
| HLD | Target | Company | A European investment group involved in the bond issuance and credit facility. |
| BNP Paribas | Global Coordinator and Active Bookrunner | Company | Part of the banking syndicate led on HLD's bond issuance. |
| Crédit Agricole Corporate and Investment Bank | Global Coordinator and Active Bookrunner | Company | Part of the banking syndicate for HLD's financial arrangements. |
| Société Générale | Global Coordinator and Active Bookrunner | Company | Part of the banking syndicate for HLD's bond issuance and credit facility. |
| Natixis | Arranger and Lender | Company | An arranging and lending bank for HLD's €100 million revolving credit facility. |
| Banque Internationale Luxembourg | Arranger and Lender | Company | A bank involved in arranging HLD's €100 million revolving credit facility. |