Herbert Smith Freehills Paris LLP has advised Safran, a leading international high-tech group with three core businesses: aerospace (engines and equipment), defence and security, on a €200 million bond issue. The bonds are due to mature in 2024. The issue consisted of a private placement listed on NYSE Euronext arranged by Morgan Stanley & Co. International plc. and CM-CIC Securities.

Issuing the bonds will enable Safran to diversify its financing sources, extend the average term of its debt and obtain the resources to support its continuing growth.

Safran was advised by the Herbert Smith Freehills Paris capital markets team, led by Louis de Longeaux (partner), assisted by Mathilde de Sampigny, Gwenael Pain-Blavec and Manaf Triqui.
Cédric Burford (partner) and Boris Kreiss of Clifford Chance advised Morgan Stanley and CM-CIC Securities, co-lead arrangers of the issue.
Anne-Sophie Bise managed the legal aspects of the transaction for Safran's Legal Department.