A&O represented Schaeffler in its Reg S offering of €300 million 6.75% Senior Secured Notes due 2017.
The team developed an innovative structure to include an offering to retail investors in Germany and Luxembourg and a separate employee offering – a market first. A&O had previously advised Schaeffler on its €2.0 billion high yield senior secured notes benchmark offering. A pari passu structure with a unique dollar-for-dollar voting mechanism – a market first.
The A&O team advising Schaeffler was led by Gernot Wagner.
