Les Grands Chais de France, the leading exporter of French wine and one of the leading French wine and spirits merchants, successfully completed a fund-raising for a total of €210,000,000.
This transaction, designed to refinance its existing debt and fund some of its activities and its development, was carried out via a syndicated loan for a maximum amount of €180,000,000 (maturing at five years) and a bond issue structured as a Euro PP of €30,000,000 (maturing at seven years), taken up by selected investors. The syndicated loan and bonds are backed by collateral.
CMS Bureau Francis Lefebvre assisted the arranging banks in relation to the Euro PP and the bank financing.
For this transaction, the CMS Bureau Francis Lefebvre team comprised Marc-Etienne Sébire, partner, Rosetta Ferrère and Nadia Aïssaoui, advisors, for capital market aspects, and Benjamin Guilleminot, head of structured financing, and Sadri Desenne-Djoudi, advisor, for bank financing aspects.