1 May 2011
Schiphol Nederland - Intermediate party debt exchange with issue of EUR 438 million
De Brauw has advised Schiphol Nederland B.V. on an intermediate party debt exchange transaction. Pursuant to that transaction, Deutsche Bank AG, London Branch invited holders of certain outstanding notes of Schiphol Nederland maturing in 2013 and 2014 to make offers to tender their notes for purchase by Deutsche Bank AG (the "Invitation").
On 28 April 2011 Schiphol Nederland issued senior unsecured 4.430 per cent. notes due in 2021 for an aggregate amount of approximately EUR 438.4 million. The new notes are guaranteed by N.V. Luchthaven Schiphol, have a maturity of 10 years and are listed on NYSE Euronext in Amsterdam. The net proceeds of these notes were used to finance the Invitation. By the execution of this transaction, the debt maturity profile of Schiphol Group was extended while taking advantage of current favourable market conditions.
Team: Niek Biegman, Esther Bromet and Rick van 't Hullenaar
On 28 April 2011 Schiphol Nederland issued senior unsecured 4.430 per cent. notes due in 2021 for an aggregate amount of approximately EUR 438.4 million. The new notes are guaranteed by N.V. Luchthaven Schiphol, have a maturity of 10 years and are listed on NYSE Euronext in Amsterdam. The net proceeds of these notes were used to finance the Invitation. By the execution of this transaction, the debt maturity profile of Schiphol Group was extended while taking advantage of current favourable market conditions.
Team: Niek Biegman, Esther Bromet and Rick van 't Hullenaar