Homburger advises UBS on USD 7.7bn debt buyback
Homburger advised UBS Group and UBS on their all-cash tender offers to repurchase various series of outstanding debt instruments in an aggregate principal amount of USD 7.7 bn.
The context
UBS Group closed its tender offer for five series of bail-inable TLAC bonds originally issued by Credit Suisse Group, while UBS, through its Stamford branch, completed all-cash tenders for two series of senior unsecured notes issued by Credit Suisse via its New York branch.
UBS Group accepted tenders for four TLAC bond series for a total principal amount of USD 5.55bn. UBS’s Stamford branch accepted tenders for both senior note series, totaling USD 2.12bn.
The Homburger team
Benedikt Maurenbrecher (pictured right) and Stefan Kramer (pictured left) led the Homburger team on the matter, working alongside Olivier Baum and Lee Saladino (all capital markets), as well as Stefan Oesterhelt (tax).
