EXPERIENCE

Michael's representative transactions include advising:

• Loxam, France’s market leader and the fourth-largest global player in equipment and tool leasing, in its €400 million refinancing
• Burger King France in its €45 million acquisition financing
• The initial purchasers in Tereos’ €350 million high-yield senior notes offering
• The banks in connection with Faurecia’s €700 million of sustainability-linked senior notes due 2026
• Loxam in connection with a €130 million loan from the European Investment Bank (EIB)
• The underwriters of Faurecia’s €705 Million Rights Issue
• Derichebourg, a leading global provider of environmental services, in its inaugural €300 million green notes offering
• J.P. Morgan and other banks in connection with the €2.8 billion bank/bond refinancing of Biogroup, the leading private medical lab services company in France and Belgium
• BNP Paribas and the other initial purchasers in connection with the inaugural high yield offering of Tereos, a leading global agro-industrial company
• J.P. Morgan and others as initial purchasers in connection with the inaugural high yield offering and subsequent add-on issuance of high yield bonds by Rubis
• Terminal, a leading European independent group specialized in the storage of petroleum products, chemicals, agro products and fertilizers.
• Groupe Casino, a leading retailer in France and Latin America, in connection with its high yield refinancings
• Loxam, the leading European equipment rental group, in connection with its €500 million high yield refinancing and its €1.4 billion financing for the acquisition of Ramirent
• J.P. Morgan, ING, KBC, and Société Génerale in connection with the €1 billion bank / bond financing for House of HR, a leading provider of HR solutions in Europe
• iQera (formerly MCS Groupe), a leading French credit management services group, in connection with several high yield debt issuances since 2016
• BNP Paribas and other initial purchasers, in connection with several high yield debt securities offerings by SNF Floerger, the global leader in polyacrylamide production
• Fives, a leading global industrial engineering group, in connection with its €600 million high yield debt offering to refinance its existing debt
• BNP Paribas, Citigroup, Deutsche Bank, and the other underwriters of the initial public offering of Delachaux Group, a leading provider of equipment and solutions for use in rail infrastructure and other niche industrial applications
• Morgan Stanley and other initial purchasers in connection with several issuances of high yield debt securities by Vallourec, a leading provider of tubular solutions, totaling an aggregate of €950 million
• Burger King France, a leading quick service hamburger restaurant chain, in connection with simultaneous €200 million senior pay-if-you-can PIK notes and €60 million senior secured notes offerings to refinance its existing debt and finance the acquisition of a franchisee
• Credit Suisse, Natixis and Société Générale as initial purchasers, in connection with a €365 million high yield debt offering by Banijay Group, the world’s leading independent producer of television programs
• Deutsche Bank, J.P. Morgan, Morgan Stanley, and the other underwriters of the attempted initial public offering of Oberthur Technologies, one of the world’s leading providers of chip-based digital authentication products and related solutions