Slaughter and May advised DS Smith Plc on its issuance of €750 million 1.375 per cent. Notes due 2024 and £250 million 2.875 per cent. Notes due 2029. The Notes are listed on the Luxembourg Stock Exchange. The proceeds of the issuance will be used, amongst other things, to refinance the £400 million bridge facility entered into in relation to DS Smith Plc’s proposed US$920 million acquisition of Interstate Resources.

Barclays Bank PLC, BNP Paribas, Citigroup Global Markets Limited, J.P. Morgan Securities plc, Commerzbank Aktiengesellschaft, HSBC Bank plc, Lloyds Bank plc and The Royal Bank of Scotland plc (trading as NatWest Markets) acted as managers for the issuance.

Contacts

Oliver Storey (partner), Charlotte Ferard (associate), Saffiya Haddad (associate)