18 May 2022
NXP issues USD 1,500,000 senior unsecured notes under its SEC shelf registration
De Brauw advised on NXP B.V.'s offering of USD 500,000,000 4.400% senior unsecured notes due 2027 and USD 1,000,000,000 5.000% senior unsecured due 2033 notes together with NXP Funding LLC and NXP USA under NXP's US shelf registration filed with the SEC. The Notes are fully and unconditionally guaranteed by NXP Semiconductors N.V. The issuance of the Notes took place on 16 May 2022. De Brauw has previously also assisted NXP on the shelf registration.NXP intends to use the net proceeds from the offering of the 2027 Notes to redeem the USD 900,000,000 principal amount of the outstanding dollar-denominated 4.625% senior unsecured notes due 2023, including all premiums, accrued interest and costs and expenses related to this notes redemption. Any remaining net proceeds of the 2027 Notes will be temporarily held as cash and other short term securities or used for general corporate purposes such as capital expenditures or short-term debt repayment. The net proceeds of the 2033 Notes will be used for the financing, in whole or in part, of one or more eligible green projects, which are defined as investments in (A) research and development for NXP's "green chip" resonant solutions, (ii) battery control and management for electric and hybrid cars, (iii) Advanced Driver Assistance Systems, (iv) mobile device "beam steering", (v) edge processing portfolio and (vi) smart building technologies, and (B) energy efficiency measures at NXP's manufacturing and non-manufacturing facilities.Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC acted as joint book-running managers for the offering of the Notes.3 May 2022
Achmea acquires ABN AMRO premium pension institution ("PPI")
De Brauw has advised Achmea on its takeover of ABN AMRO Pensioeninstelling NV. This transaction gives Achmea an entrance into the Premium Pension Institution (PPI) market and enables the business to respond to the opportunities offered by the Pension Agreement. 2 May 2022
G-III Foreign Holdings B.V. acquires 80.76% stake in Karl Lagerfeld Holding B.V.
De Brauw advised G-III Apparel Group Ltd in its deal to become the sole owner of luxury-fashion brand Karl Lagerfeld. The New York-based fashion-licensing group agreed to pay 200 million euros ($221.5 million) for the 81% of Karl Lagerfeld that it doesn't already own. G-III has held a 19% stake in the brand since 2015 and also owns a North American affiliate, Karl Lagerfeld Paris.