London/Frankfurt am Main — Global law firm Mayer Brown has advised Wepa Hygieneprodukte GmbH on a €550 million high yield bond offering. The dual-tranche offering consists of €350 million 2.875% Senior Secured Fixed Rate Notes due 2027 and €200 million Senior Secured Floating Rate Notes due 2026. The purpose of the offering was primarily to refinance Wepa’s existing €450 million 3.750% Senior Secured Notes due 2024 as well as to finance expansion projects. The new high yield notes will be listed on The International Stock Exchange.

Wepa Hygieneprodukte GmbH, a family-owned company headquartered in Arnsberg, Germany, is one of the leading tissue producers in Europe.

The Mayer Brown team included lawyers from the firm’s offices in Düsseldorf, Frankfurt, London, Paris and New York and was led by Capital Markets & Leveraged Finance partner Bernd Bohr (London) and Corporate & Securities counsel Jan Streer (Düsseldorf), supported, among others, by Banking & Finance partner Bernina Butt (Frankfurt), Head of Banking & Finance Germany Patrick Scholl (Frankfurt), Corporate & Securities partner Marco Wilhelm (Frankfurt) and Corporate & Securities associates Anne Bagdons (Frankfurt) and Anja Schwietering (Düsseldorf).

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