Sidley advised Fnac Darty S.A., a leading European retailer of consumer electronics, editorial products and household appliances, in connection with its offering of €300 million 1.875% Senior Notes due 2024 and €350 million 2.625% Senior Notes due 2026. The net proceeds of the offering, together with cash on hand, were used to redeem Fnac Darty’s outstanding €650 million Senior Notes due 2023.
The Sidley team in London was led by partners Till Lefranc (Capital Markets and Private Equity) and Alan G. Grinceri (Capital Markets), with assistance from associates Patricia Wood, Dominic J.T. Nelson and Jakob Egle and trainee Romain Tourenne. The team also included New York partner Christian Brause (Tax), with assistance from associate Lena X. Qiu, and London partners Mark Walsh (Capital Markets) and Wim De Vlieger (Private Equity).