Cases & Deals

Hansteen completes €100 million (US$133 million) Convertible Bond offering

Client(s) Hansteen Holdings PLC

Jones Day advised Hansteen Holdings PLC, a European industrial REIT, in connection with its offering of €100 million (US$133 million) of Senior Unsecured Convertible Bonds due 2018. The Company intends to use the net proceeds of the offering to refinance existing debt and fund future acquisitions. The offering contributes to the Company's existing strong financial position while also taking advantage of the current favorable market conditions to diversify its medium term sources of finance.

It is intended that application will be made for the Bonds to be listed on the Official List of the UK Listing Authority and admitted to trading on the Professional Securities Market of the London Stock Exchange.