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.
Homburger acted as counsel to Dufry. The team included partners Frank Gerhard (pictured) and Andreas Müller (both capital markets; corporate and m&a), Benedikt Maurenbrecher (capital markets; banking and finance), Dieter Grünblatt (tax) and Jürg Frick (banking and finance), counsel Eduard de Zordi and associate Olivier Baum (both capital markets; banking and finance), associates Carlo Sulser (corporate and m&a) and Alessandra Mengotti (banking and finance), and junior associate Luzius Kaufmann (corporate, m&a and tax).