Deals & Cases

Deals & Cases

January 2019

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. The team includes partner Patrick Schleiffer as well as associates Patrick Schärli and Ramona von Riedmatten (Capital Markets). This team forms part of the larger team which is advising Sika in connection with the envisaged  acquisition of Parex.

See Deals & Cases, January 8, 2019.

 

 

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