Credit Suisse in $2 Billion Cash Tender Offer

Cleary Gottlieb is representing Credit Suisse International, as offeror; Credit Suisse Securities (USA) LLC, as dealer manager; and Credit Suisse AG (CSAG), as issuer, in a cash tender offer for up to $2 billion aggregate principal amount of certain series of CSAG’s outstanding U.S.-dollar denominated notes.

The tender offer launched on October 7, 2022, includes an early tender period ending on November 3, 2022, and is scheduled to expire on November 10, 2022. Credit Suisse concurrently launched a cash tender offer for up to $1 billion aggregate principal amount of certain series of CSAG’s outstanding euro and pound sterling denominated notes.

Credit Suisse is a Swiss corporation operating as a bank, with all related banking, finance, consultancy, service, and trading activities in Switzerland and abroad. Founded in 1856, Credit Suisse has operations in over 40 countries.

Cleary has previously represented Credit Suisse in numerous securities transactions.