Leading global law firm Baker McKenzie advised Swiss building materials maker Arbonia AG on their issuance and placement of EUR 125 million promissory notes (Schuldscheine) with Commerzbank Aktiengesellschaft and Landesbank Baden-Württemberg as joint arrangers. The promissory notes were issued with terms of 5, 7 and 10 years each, bearing interest at a fixed rate. The notes were taken up by institutional investors as well as by major banks and savings banks in Germany and abroad.
Arbonia is a focussed building supplier that is listed on the SIX Swiss Exchange and has its head office in Arbon, Switzerland. The group is active worldwide with its own distribution companies as well as offices and partners in more than 70 countries. Its main production sites are located in Switzerland, Germany, the Czech Republic, Poland, Slovakia and Italy.
Baker McKenzie advised Arbonia on all legal aspects of the transaction. The Baker McKenzie team included Dr. Oliver Socher (Partner, Frankfurt), Silke Fritz (Associate, Frankfurt), Dr. Alexander Fischer (Partner, Zurich) and Dr. Philip Spoerlé (Associate, Zurich).