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Latham Advises Joint Book-Running Managers in ZF North America Capital Inc’s Green Bond Offering
April 25, 2024
Cross-border capital markets team advises on issuance of green notes in two tranches with a total volume of US$1.5 billion.
Latham & Watkins advised the joint book-running managers on the green notes offering with a total volume of US$1.5 billion by ZF North America Capital Inc., a financing subsidiary of ZF Friedrichshafen AG (ZF).
The green notes include a tranche of US$800 million 6.750% senior notes due 2030 and US$700 million 6.875% senior notes due 2032. The green notes have been issued in accordance with ZF’s Green Finance Framework.
The Latham capital markets team was led by Munich partner Rüdiger Malaun and London partner Fritz Ernemann, with associate Peter Neuböck. Advice was also provided on tax matters by New York partner Jocelyn Noll and Munich partner Ulf Kieker, with Hamburg associate Julia Wenzel.