Weber & Co. has advised OMV AG, the international integrated oil and gas company headquartered in Vienna, on the issuance of multi-tranche corporate bonds. White & Case Frankfurt advised the joint lead managers Barclays Bank Ireland PLC, Credit Agricole Corporate and Investment Bank, MUFG Securities, Societe Generale, and UniCredit Bank Austria AG.
According to Weber & Co., the bond issuance was "made for the financing of the acquisition of an additional 39% stake in Borealis AG.”
According to Weber & Co, “the bond issue in an aggregate volume of EUR 1.75 billion includes the issue of three tranches as of April 9, 2020. Two tranches have a volume of EUR 500 million each, one with a four-year term (2024) and the other one with an eight-year term (2028). The third tranche comprises a volume of EUR 750 million and a term of twelve years (2032). The bonds are governed by German law and are issued on the basis of OMV's EUR 8 billion debt issue program (EMTN). They will be admitted to trading on the Official Market of the Vienna Stock Exchange and the regulated market of the Luxembourg Stock Exchange.“
Weber & Co’s team included Partners Christoph Moser and Stefan Weber and Associate Angelika Fischer.
White & Case’s team was led by Frankfurt-based Partner Karsten Woeckener.