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).