Placement of CHF 1,300 million mandatory convertible notes by Sika AG
On January 23, 2019, Sika AG successfully completed the placement of CHF 1,300 million subordinated mandatory convertible notes due 2022 to be listed on the SIX Swiss Exchange, with UBS as global coordinator and joint bookrunner and Citigroup as joint bookrunner, to partly finance the recently announced acquisition of Parex. The transaction is expected to be closed on 30 January 2019.
Lenz & Staehelin is advising Sika on this mandatory convertible note issue.