Cleary Gottlieb represented Technip in connection with three recent bond offerings for an aggregate principal amount of €325 million: a €150 million offering of bonds bearing interest at 3.40% and maturing on June 14, 2022 led by Crédit Agricole Corporate and Investment Bank; a €75 million offering of bonds bearing interest at 4% and maturing on June 15, 2027 led by The Royal Bank of Scotland; and a €100 million offering of bonds bearing interest at 4% and maturing on June 14, 2032 led by Deutsche Bank.
These offerings, consisting of private placements, launched and priced on June 11, June 13 and June 8, respectively, and closed on June 14, June 15 and June 14, respectively.
The bonds due 2022 and 2027 have each been rated BBB+ by Standard & Poor’s and are listed on the regulated market of NYSE Euronext in Paris. An application has been made for the quotation of the bonds due 2032 on the open market (“Freiverkehr”) of the Frankfurt Stock Exchange.
Technip is a world leader in project management, engineering and construction for the energy industry.
