Homburger advises Dufry on the placement of 5.5 m shares and Chf 350 m convertible bonds

Dufry completed a private placement with institutional investors of 5 m shares newly issued out of its authorized share capital and 500,000 treasury shares by way of an accelerated bookbuilding. The shares were placed at Chf 27.50 per share, resulting in gross proceeds of CHF 151.3 m. At the same time, Dufry (through its subsidiary Dufry One B.V.) placed CHF 350 m senior bonds due 2023, conditionally convertible into Dufry shares, guaranteed by the company and with a coupon of 1%. UBS AG, BNP Paribas, Credit Suisse and Goldman Sachs International acted as Joint Global Coordinators and Joint Bookrunners. BofA Securities and HSBC acted as Joint Bookrunners. ING, Raiffeisen International and Unicredit acted as Co-Lead Managers.