Sherman & Sterling has advised Titan Cement on its offering of EUR 250 million guaranteed notes, as well as its cash tender offer for its outstanding guaranteed notes, as well as in connection with the re-opening of a Reg S offering of fixed rate, guaranteed, high yield, non-U.S. dollar-denominated, senior notes. Allen & Overy was counsel to lead underwriter HSBC.
Societe Generale, Raiffeisen Bank, and the National Bank of Greece were also involved.
The transaction closed on January 26, 2019, and the offering closed on November 16, 2018. The notes are guaranteed by Titan Cement, which has been listed on the Athens Exchange since 1912.