David St-Onge

David St-Onge

Senior Associate

Email

david.st-onge@aoshearman.com

Phone

+44 203 088 1094

Offices

London

Paris

V-CARD
David advises issuers, underwriters, and hybrid capital investors on international capital markets and cross-border financing transactions, with a particular emphasis on high-yield bond offerings and acquisition financings.
David also has experience in debt liability management, financial and sovereign debt restructurings, initial public offerings, and U.S. securities law matters.

Experience

Representative matters

  • Represented Ad hoc creditors’ committee of Ukraine’s Eurobond holders in relation to Ukraine’s sovereign restructuring.
  • Advised the initial purchasers in connection with the offering by Loxam of €540 million 4.250% senior secured notes due 2031.
  • A global financial institution and Crédit Agricole Corporate and Investment Bank, as joint global coordinators and joint physical bookrunners, Natixis and a global financial institution, as joint global coordinators and BBVA, Belfius, BRED Banque Populaire, CaixaBank, a subsidiary of sovereign wealth fund and La Banque Postale, as joint bookrunners, in connection with the issuance of €300 million 4.7500% senior notes due 2032 by Fnac Darty S.A.
  • A global financial institution, as Global Coordinator and Sole Bookrunner, and Natixis, as Joint Lead Manager, in connection with the offering of €400 million 4.500% senior notes due 2030 by Séché Environnement S.A.
  • A global financial institution as sole bookrunner in connection with Loxam S.A.S.’ (Loxam) offering of €500.0 million 4.250% senior secured notes due 2030
  • Advised the initial purchasers, lead by a global financial institution and Crédit Agricole Corporate and Investment Bank as joint global coordinators, in connection with Elior Group S.A.’s offering of €500 million senior secured notes due 2030 and concurrent cash tender offer to holders of its existing senior notes due 2026.
  • Advised a global financial institution as sole physical bookrunner, a subsidiary of global financial institution, Crédit Agricole Corporate and Investment Bank, Natixis and a global financial institution as joint global coordinators and joint bookrunners, Commerzbank Aktiengesellschaft and a subsidiary of global financial institution as joint bookrunners and Bank of China (Europe) S.A., Crédit Industriel et Commercial S.A and a subsidiary of multinational financial institution as co-managers in connection with AccorInvest Group S.A.’s offering of €650.0 million 5.500% senior secured notes due 2031.
  • Advised a global financial institution as sole physical bookrunner, a subsidiary of global financial institution, Crédit Agricole Corporate and Investment Bank, Natixis and a global financial institution as joint global coordinators and joint bookrunners, Commerzbank Aktiengesellschaft and a subsidiary of  global financial institution as joint bookrunners and Bank of China (Europe) S.A., Crédit Industriel et Commercial S.A and a subsidiary of multinational financial institution as co-managers in connection with AccorInvest Group S.A.’s inaugural offering of €750.0 million 6.375% senior secured notes due 2029.
  • Represented Ad hoc creditors’ committee of Zambia’s Eurobond holders in relation to Zambia’s sovereign restructuring.
  • Advised Paprec, a leading French industrial and household waste management and recycling specialist, in connection with the privately placed tap offering of €200 million senior secured notes due 2029.
  • Advised a group of global financial institutions, as joint global coordinators and joint bookrunners, and a subsidiary of global financial institution, Crédit Agricole Corporate and Investment Bank, a group of global financial institutions, as joint bookrunners in connection with Bertrand Franchise Finance’s offering of €850.0 million floating rate senior secured notes due 2030 and €300.0 million 6.50% senior secured notes due 2030.
  • Advised a global financial institution, Crédit Agricole Corporate and Investment Bank and a global financial institution, as global coordinators and joint bookrunners, and a subsidiary of global financial institution, Helaba and IMI - Intesa Sanpaolo, as joint bookrunners in connection with Eutelsat S.A.’s debut offering of €600 million 9.750% senior notes due 2029 and a concurrent cash tender offer to holders of its existing 2.000% senior notes due 2025.
  • Advised an ad hoc group of holders on its €625 million 4.000% senior unsecured notes due 2024, €350 million 5.125% senior unsecured notes due 2025 and £225 million 6.625% senior unsecured notes due 2025 issued by La Financière Atalian, a French facilities management company, in relation to a refinancing transaction implemented by way of an exchange offer.
  • Advised a global financial institution and Crédit Agricole Corporate and Investment Bank, as joint global coordinators and joint physical bookrunners, Natixis and a global financial institution, as joint global coordinators and BBVA, Belfius, CaixaBank, a subsidiary of sovereign wealth fund and La Banque Postale as joint bookrunners in connection with the issuance by Fnac Darty S.A. of €550 million 6.000% senior notes due 2029. The refinancing comprised this new issuance of senior notes and a concurrent cash tender offer to holders of the existing 1.875% senior notes due 2024 and 2.625% senior notes due 2026.
  • Advised Paprec in connection with the refinancing of its existing notes through the issuance of €300 million in principal amount of new senior secured notes due 2027 and €300 million in principal amount of new senior secured notes due 2029.
  • Advised the investors on a Rule 144A/Regulation S privately placed tap offering by Burger King France SAS of €45 million senior secured floating rate notes due 2026.
  • Schoeller Packaging B.V., a Brookfield portfolio company, on its recapitalization and refinancing of its €250 million senior secured notes (SSNs) due November 2024.
  • The initial purchasers in connection with Loxam's €350 million offering of senior secured notes.
  • The initial purchasers in connection with a £700 million two-tranche bond offering in the context of Cinven’s acquisition of True Potential Group Limited.
  • The Initial purchasers in connection with the €3.7 billion four tranche USD and euro-denominated bond issue in support of the public to private acquisition of iliad Group by Xavier Niel (largest European High Yield bond issue of 2021).
  • The Initial purchasers in connection with the offering of €550 million senior secured notes in the context of the acquisition of Agrifarma by Cinven.
  • Tereos SCA on its inaugural and follow-on high yield notes offerings.

Qualifications

Admissions

Admitted to the Paris Bar, 2017

Admitted to the Quebec Bar, 2015

Academic

LL.M, McGill University Faculty of Law, 2014

DESS, University of Montreal, 2013

Languages

English, French
Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.