News and Deals
Linklaters advises AIXTRON on its inaugural €450 million convertible bond issuance
Linklaters has advised AIXTRON SE on the successful placement of its inaugural convertible bond issuance in an aggregate principal amount of €450 million. The convertible bonds have a maturity in April 2031 and are convertible into shares of AIXTRON. The net proceeds will be used for general corporate purposes, which may include investments to support organic growth, acquisitions and share buybacks.
The Linklaters team was led by Dr Alexander Schlee (Partner, Capital Markets, Frankfurt). Other team members included Catrin Retzmann and Tim Westenberger (both Associates, Capital Markets, Frankfurt) as well as Dr Marco G. Carbonare (Partner, Corporate/M&A, Frankfurt), Kevin Roy (Counsel, Corporate/M&A, Berlin) and Alexander Auster (Associate, Corporate/M&A, Frankfurt).
Linklaters regularly advises corporates and investment banks on the placement of exchangeable and convertible bonds. Over the past year, the Capital Markets team led by Alexander Schlee has, among others, advised QIAGEN N.V., Salzgitter AG, TAG Immobilien AG and Vonovia SE on the issuance of convertible and exchangeable bonds, as well as the underwriting banks on the issuance of convertible bonds by Lufthansa AG, MTU Aero Engines AG and RedCare Pharmacy N.V.