Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 23-05-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | Volkswagen Group of America Guaranteed Notes Offering | Industry: | Automobiles & Parts |
| Description: |
Clifford Chance advised Volkswagen Aktiengesellschaft and Volkswagen Group of America Finance, LLC on the issuance of USD3.5 billion of bonds by Volkswagen Group of America Finance, LLC primarily to U.S. institutional investors pursuant to Rule 144A of the Securities Act of 1933. The bonds are irrevocably and unconditionally guaranteed by Volkswagen Aktiengesellschaft. This was Volkswagen Group of America Finance, LLC's initial issuance of bonds to U.S institutional investors.
The bonds were issued in five tranches: the USD1.45 billion 1.250% senior notes due 2017, the USD1 billion 2.125% senior notes due 2019, the USD500 million floating rate senior notes due 2017, the USD250 million floating rate senior notes due 2016 and the USD300 million floating rate senior notes due 2015.
The Clifford Chance advisory team consisted of partner Dr. George Hacket, counsel David Detweiler and associate Ryan Dunmire (US law, all Banking & Capital Markets, Frankfurt). German law advice was provided by partner Dr. Wolfgang Richter (Corporate, Frankfurt), English law advice by partner Stuart Dunlop and associate Kathryn McArdle (both Capital Markets, London).
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| Financial Center: | Frankfurt | Value: | 1000.01-5000.00 |
| Advised Party: | Issuer | Law Firm | Clifford Chance |
| Issuer Jurisdiction | Germany | Listing Jurisdiction | Germany |
| Classification: |
Corporate Bonds Senior Debt |
Lawyer | George T Hacket |
