News and developments

Bär & Karrer Advises Groupe Acrotec on its Placement of CHF 70 Million 3.75% Bonds

Groupe

Acrotec SA, a high precision manufacturer of small components and specialised

service provider for the watchmaking and industrial sectors, has completed the

placement of CHF 70 million 3.75% bonds due 2023. The bonds were issued at 100%

of their principal amount and, unless previously redeemed or repurchased and

cancelled, will mature on 14 June 2023 at 100% of their principal amount. The

bonds are guaranteed by a number of subsidiaries of the issuer, among them

Finacrotec SA, which as substitute guarantor fulfills certain requirements

under the listing rules of SIX Swiss Exchange in the place of the issuer.

Credit Suisse AG acted as Lead Manager and Bookrunner.

Bär

& Karrer acted as legal advisor to Groupe Acrotec. The team included Till

Spillmann, Ivo von Büren, Alexander von Jeinsen and Lars Müller (all Capital

Markets) as well as Susanne Schreiber and Cyrill Diefenbacher (both Tax).