Homburger advises Dufry on the issuance of CHF 300 m 3.625% Senior Notes due 2026 and EUR 725 m 3.375% Senior Notes due 2028

On April 15, 2021, Dufry One B.V. launched, and on April 22, 2021, successfully completed the issuance of CHF 300 m 3.625% Senior Notes due 2026 (the CHF Senior Notes) and EUR 725 m 3.375% Senior Notes due 2028 (the EUR Senior Notes and, together with the CHF Notes, the Senior Notes). The Senior Notes are guaranteed by Dufry and certain of its subsidiaries. It is expected that the Senior Notes will be admitted to the Official List of The International Stock Exchange.

Credit Suisse, Deutsche Bank, Goldman Sachs Bank Europe SE, Mediobanca and UBS Investment Bank acted as Joint Global Coordinators and Active Bookrunners for the CHF Senior Notes. BBVA, BofA Securities, BNP PARIBAS, HSBC, ING and UniCredit Bank acted as Joint Global Coordinators and Active Bookrunners for the EUR Senior Notes. Morgan Stanley, Raiffeisen Bank International, Raiffeisen Schweiz and Santander Corporate & Investment Banking acted as Joint Bookrunners.

Homburger acted as counsel to Dufry. The Homburger team comprised partners Frank Gerhard (Corporate / M&A, Capital Markets), Jürg Frick (Capital Markets, Financing and Investment Products) and Dieter Grünblatt (Tax) as well as associates David Borer and Olivier Baum (both Capital Markets, Financing and Investment Products).