A&O Shearman advises the banks on Verallia’s EUR850 million bond issuances

Verallia is the European leader and the world’s third-largest producer of glass packaging for beverages and food products.

The transaction comprised two tranches: the first, for EUR350m, consists of fixed-rate notes with a 3.5% coupon, maturing on November 14, 2029.

The second tranche, for EUR500m, consists of fixed-rate notes with a 4.375% coupon, maturing on November 14, 2033.

The proceeds will be used to refinance the bridge loan contracted in April 2025, thereby diversifying Verallia’s sources of financing and extending the average maturity of its debt.

Julien Sébastien, partner at A&O Shearman, commented: “This transaction demonstrates our ability to support financial institutions in strategic capital markets financings, including dual-tranche issuances”.

The A&O Shearman team was led from Paris by partner Julien Sébastien, counsel Soline Louvigny, associate Bianca Nitu and jurist Aziz Ben Hamida on the French capital markets law aspects, with partner Mathieu Vignon and senior associate Virginie Chatté providing tax advice.