IHO relies on A&O Shearman for a EUR1 billion bond refinancing

The notes were issued in two tranches maturing 2031 and 2033. The proceeds from the issuance are intended to be used to redeem IHO Verwaltung’s existing notes maturing in 2028 in full and to partially redeem IHO Verwaltungs’s existing euro notes maturing in 2029. IHO Verwaltung’s revolving credit facility was also amended. IHO Verwaltung is part of IHO Holding, a group of strategic management holding companies owned by the Schaeffler family.

The A&O Shearman team advising on the bond issuance was led by partner Marc Plepelits (U.S. Corporate Finance) and counsel Nadine Kämper (Corporate), and also included senior associate Martin Schmidt (U.S. Corporate Finance, all Frankfurt), associate Sonali Sharma (U.S. Corporate Finance, London) and associate Nico Theiß (Corporate, Frankfurt). Partner Dr. Walter Uebelhoer and senior associate Dr. Georg Lütkenhaus (both Banking and Finance, both Munich) advised on the amendment of the revolving credit facility.

The A&O Shearman team also comprised partners Thomas Neubaum (Banking and Finance), Dr. Udo Olgemöller (Public Law, both Frankfurt), Catharina Glugla (Data Protection, Düsseldorf), Dr. Heike Weber (Tax, Frankfurt), senior associate Dr. Stephan Bühner (Public Law, Frankfurt) and associates Sarah Weber (Public Law, Frankfurt), Pascal Yves Schroeder (Data Protection, Düsseldorf), Niklas Kniess and Nico Schweitzer (both Tax, both Frankfurt).

Partner Paul Péporté and senior associate Caroline Motzer (both Capital Markets, Luxembourg) as well as partners Jeff Hendrickson (U.S. Capital Markets, London), Ken Rivlin (Environmental and Sanctions, New York), Thomas Donegan (Financial Services Regulatory, London), John Hibbard (Tax, New York) and Brian Jebb (Employment, New York), counsels Maria Christopher Bell (Environmental and Sanctions, New York) and Jason Rothschild (Employment, Austin), as well as associates Imane Rhammaz (Financial Services Regulatory, London), Shruti Sethi (U.S. Capital Markets, London) and Brendan Holman (Environmental and Sanctions, London) also advised on the transaction.

IHO Verwaltung was advised internally by Dr. Alexandra Zech, head of legal and HR, IHO Holding, and Juliane Wittig, legal counsel, IHO Holding.