Shearman & Sterling advised Cegedim S.A. on its offering of €300 million 6¾% Senior Notes due 2020. The offering, which was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act, closed on March 20, 2013.
Cegedim, headquartered in France, is a leading provider of technology and information services to the healthcare industry, serving customers in more than 70 countries on five continents.
The firm is also advising Cegedim on its tender offer for its outstanding 7.0% bonds due 2015, which expired on March 13, 2013 and is expected to settle on March 21, 2013. The proceeds from the offering of the senior notes will be used to purchase the notes tendered in the tender offer, prepay Cegedim’s existing term loan, repay drawings under Cegedim’s existing revolving credit facility and pay related fees and expenses.
The Shearman & Sterling team of lawyers in the firm’s London, Paris, Washington, DC and New York offices included capital market partnersApostolos Gkoutzinis and Bertrand Sénéchal, associates Joji Ozawa, Christina Leto, Marwa Elborai, Jason Banks, Randy Nahlé, and Arthur Ravignon and trainee solicitors Yuki Chan, Clement Leguillon and Louis Prades. Finance partner Mei Lian and associate Eric Ho advised on the English law aspects, tax partner Craig Gibian and associates Judy Fisher and Stéphanie Gicquel-Gimenez advised on the tax aspects, and asset management partner Nathan Greene and associate Christine Ballantyne-Drewe advised on the Investment Company Act aspects.
