Financing and Investment Products

Restructuring / Insolvency

EDandF

On March 31, 2022, ED&amp;F Man, one of the largest agricultural commodities traders worldwide, successfully implemented its UK restructuring plan. The procedure allowed ED&amp;F Man to restructure its borrowing base and revolving credit facilities, its term loan facilities, its private placement notes and its liabilities under a settlement agreement, and to amend its constitutional documents, under one procedure.
The restructuring provides for an injection of USD 300 m of new money, which supports the future success of ED&amp;F Man&#8217;s trading business since it had to face significant pressures arising out of the COVID-19 pandemic and soaring commodity prices.
Homburger advised the co-ordinating-committee of ED&amp;F Man&#8217;s senior creditors with respect to all aspects of Swiss law of the financing transaction. The Homburger team was led by partner Jürg Frick (Financing and Investment Products) and included partner Stefan Oesterhelt (Tax) and associate Andrea Ziswiler (Financing and Investment Products).

Homburger advised the co-ordinating-committee of ED&F Man's senior creditors on the USD 1.5 bn restructuring of ED&F Man    

Capital Markets

Roche

On February 25, 2022 Roche Kapitalmarkt AG issued CHF 3 bn Bonds guaranteed by Roche Holding Ltd.
BNP Paribas (Suisse) SA, Credit Suisse AG, Deutsche Bank AG and UBS AG acted as lead managers. The bonds will be listed on the SIX Swiss Exchange.
The transaction consists of a CHF 1.25 bn tranche due November 2022, a CHF 825 m tranche due February 2027, a CHF 625 m tranche due February 2031 and a CHF 300 m tranche due February 2037.
Homburger acted as counsel to Roche Holding Ltd. The Homburger team consisted of partner Jürg Frick (Financing and Investment Products) and counsel Eduard De Zordi, associate Andrea Ziswiler and paralegal Ganna Schneuwly (all Capital Markets).

Homburger advised Roche Holding Ltd on the issuance of CHF 3 bn Bonds

Credit Suisse

On November 15, 2021, Credit Suisse Group AG successfully completed its issuance of GBP 450 m 2.125 per cent. Fixed Rate Reset Senior Callable Notes due 2029 under its Medium Term Note Programme. The Notes are bail-inable bonds that are eligible to count towards Credit Suisse Group AG&#8217;s Swiss gone concern requirement.
The Notes have been provisionally admitted to trading, and application has been made for admission and listing of the Notes, on the SIX Swiss Exchange.
Homburger advised Credit Suisse Group AG with respect to all aspects of Swiss law. The Homburger team was led by partner Benjamin Leisinger (Capital Markets) and included partner Dieter Grünblatt (Tax), as well as counsel Lee Saladino and associate Andrea Ziswiler (both Capital Markets).

Andrea
Ziswiler

Homburger advised the co-ordinating-committee of ED&F Man's senior creditors on the USD 1.5 bn restructuring of ED&F Man

Homburger advised Roche Holding Ltd on the issuance of CHF 3 bn Bonds

Homburger advised Credit Suisse Group AG on its issuance of GBP 450 m bail-inable notes

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Andrea Ziswiler

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AndreaZiswiler

Homburger advised the co-ordinating-committee of ED&F Man's senior creditors on the USD 1.5 bn restructuring of ED&F Man

Homburger advised Roche Holding Ltd on the issuance of CHF 3 bn Bonds

Homburger advised Credit Suisse Group AG on its issuance of GBP 450 m bail-inable notes

Join the Team

Andrea Ziswiler

Career

Languages

Bar Registration

Teams

Andrea
Ziswiler