International law firm Herbert Smith Freehills has advised Safran, the international high-technology group, operating in the aviation, defense and space market, on a dual tranche offering of bonds for a total amount of 1.4 billion euros across 5 and 10-year maturities.
It is Safran's first issue since the publication its long-term rating by Standard & Poors on February 25 (BBB+ outlook stable).The success of this transaction demonstrates investors' confidence in Safran's resilient business model and its capacity to overcome the impact of the Covid-19 pandemic on the aerospace industry.
The proceeds of this offering will be used for Safran's general corporate purposes.
The Herbert Smith Freehills team was composed of partner Louis de Longeaux and associates Lou Bernard and Dylan Shields.