Theofano (Fani) Chlampoutaki

Focusing particularly on high yield debt offerings, Fani’s practice includes the representation of corporations, private equity funds, investment banks and underwriters with respect to corporate finance transactions, including cross-border Rule 144A and Regulation S debt offerings, private placements, credit facilities and restructurings. Additionally, Fani advises on ESG debt offerings, including green, social and other sustainability-linked bonds and transition bonds. Fani also regularly works on the syndicated loan side of transactions as well as liability management transactions, including debt exchange and tender offers.

Fani has worked on the following matters, advising:

• EquipmentShare.com Inc on its fourth offering of high yield bonds, consisting of USD 500 million 8.000% senior secured second lien notes due 2033. Citigroup acted as lead physical bookrunning manager for a syndicate of 13 investment banks.
• A syndicate of investment banks on Ülker Bisküvi Sanayi A.Ş.’ offering of USD 550 million sustainability-linked senior notes due 2031. Represented the dealer managers in connection with the concurrent tender offer for its 2025 notes.
• A syndicate of twelve initial purchasers on the offering of USD 500 million 8.500% senior secured notes due 2030 by Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company.
• A syndicate of eight dealers in connection with the update of the USD 20 million U.S. Medium-Term Note Program of a Swedish bank and a syndicate of four dealers on an issuance of USD 600 million 5.125% senior secured fixed rate notes due 2027 and USD 400 million senior secured floating rate notes due 2027 under the U.S. Medium-Term Note Program.
• VT5 Acquisition Company AG, a SIX-listed Swiss special purpose acquisition company, on the acquisition of R&S International Holding AG in the context of the agreed business combination to take R&S Group public on the SIX Swiss Exchange.
• A syndicate of twelve initial purchasers in connection with the offering of USD 500 million 9.250% senior secured notes due 2029 by Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company.
• A syndicate of 10 underwriters on USD 2.5 billion (equivalent) (upsized from USD 2.06 billion) sustainability-linked four tranche high yield bond offering by certain subsidiaries of Teva Pharmaceutical Industries Limited. The Notes were SEC registered. Advised the dealer managers on the concurrent 6-tiered priority-acceptance tender offer to purchase up to USD 2.25 billion of certain of its other outstanding bonds.
• A syndicate of ten initial purchasers on the offering of EUR 100 million senior secured floating rate notes due 2028 by Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company. The notes were issued as “additional notes” under an existing indenture and will be fungible with the outstanding notes previously issued under the same indenture.
• A syndicate of initial purchasers on a sustainability-linked financing to Liberty Latin America's subsidiary, Liberty Costa Rica. The financing package consisted of a USD 50 million A Loan and a USD 400 million sustainability-linked senior secured notes due 2031 B Loan/B-Bond structure.
• An investor and lender in connection with a USD 125 million private high yield PIK bond to fund the capital requirements of a large international ship building company.
• Jain Irrigation Systems Limited on its successful restructuring, implemented by way of an English law scheme of arrangement under Part 26 of the UK Companies Act 2006. As part of the restructuring, a new USD 30 million first lien facility was put in place and the existing USD 200 million 7.125% senior notes due 2022 were exchanged for new notes (three series) or tendered for cash.

Prior to joining the Firm, Fani represented:

• The joint lead managers, on the Hellenic Republic's issuance of EUR 2.5 billion, 1.85 per cent notes due 2035.
• Alpha Services and Holdings S.A. on its share capital increase, amounting to EUR 0.8 billion, through a combined offering of non-preemptive 800,000,000 new ordinary registered voting shares (Rule 144A/Regulation S private placement to institutional investors outside Greece and public offering to qualified investors in Greece).
• Alpha Bank S.A. on the approximately EUR 15 billion issuance of senior and subordinated debt securities under the EMTN Programme and the successful issuance of a landmark EUR 500 million Tier II subordinated bond.
• Alpha Bank S.A. on its issuance of EUR 500 million senior preferred notes due 2028, with a yield of 2.625% and a coupon of 2.5%, listed on Luxembourg Stock Exchange - Euro MTF market.
• Piraeus Bank S.A., National Bank of Greece S.A., Alpha Bank S.A. and Eurobank S.A., as underwriters and mandated lead arrangers, in connection with the issuance by Athens International Airport S.A. of approximately EUR 905.6 million bond loans.