Bär & Karrer Advises Groupe Acrotec on its Placement of CHF 106 Million 4.00% Bonds

 

22.09.2016

 

Groupe Acrotec SA, a high precision manufacturer of small components and specialised service provider for the watchmaking and industrial sectors, has completed the placement of CHF 106 million 4.00% bonds due 2021. The bonds were issued at 100% of their principal amount and, unless previously redeemed or repurchased and cancelled, will mature on 22 November 2021 at 100% of their principal amount. The bonds are guaranteed by a number of subsidiaries of the Issuer, among them Finacrotec SA, which as Substitute Guarantor fulfills certain requirements under the listing rules of SIX Swiss Exchange in the place of the Issuer. Credit Suisse AG acted as Lead Manager and Bookrunner, Bank Julius Bär & Co. Ltd. and Bank Vontobel AG acted as Co-Managers.

Bär & Karrer acted as legal advisor to Groupe Acrotec SA. The team included Till Spillmann, Ivo von Büren, Andrea Giger and Pierina Janett as well as Susanne Schreiber and Cyrill Diefenbacher (both Tax).

 

 

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