Homburger acted as Swiss advisor to LafargeHolcim

Last November, Holcim Finance (Luxembourg) launched and completed, the issuance of EUR 850,000,000 0.500 per cent. Sustainability-Linked Notes due 2031. The notes are guaranteed by LafargeHolcim, the holding company of the LafargeHolcim group. They are the first sustainability-linked notes in the building materials industry aligned to the Sustainability-Linked Bond Principles 2020 published by the International Capital Markets Association, with investors entitled to a higher coupon should LafargeHolcim not achieve its sustainability performance target.

The notes are governed by English law, while the guarantee relating thereto provided by LafargeHolcim Ltd is governed by Swiss law. Application has been made to list the Notes on the official list of the Luxembourg Stock Exchange and to be admitted to trading on the regulated market of the Luxembourg Stock Exchange.

The team

Homburger advised LafargeHolcim with respect to all aspects of Swiss law. The team was led by partner Daniel Daeniker (Corporate / M&A and Capital Markets – pictured) and included partner Stefan Oesterhelt (Tax), counsel Lee Saladino and associate Andrea Ziswiler (both Capital Markets).