Cleary Gottlieb represented Transdev Group in connection with its inaugural euro private placement of €220 million.
The issue of notes comprised two tranches maturing on August 3, 2025, and August 3, 2026, for a principal amount of respectively €150 million bearing interest at 1.779 percent and €70 million bearing interest at 2.051 percent.
This issuance closed on August 3, 2018, and was led by Natixis, Société Générale and Crédit Agricole CIB as joint lead managers. The net proceeds of the issue of the notes will be used by Transdev Group for general corporate purposes and potentially to refinance part of its debt.
Transdev Group is a global operator of public transportation created in 2011 by the merger of Veolia Transport and Transdev.