Linklaters has advised the syndicate of arrangers and initial purchasers in connection with OVHcloud’s landmark €1.15 billion financing package to support its public share buyback and the refinancing of existing debt. The financing package includes a debut high yield bond offering, which was upsized in market following significant investor demand, as well as new term loans and a multipurpose revolving facility.
OVHcloud is a leading independent Europe-based cloud services provider, operating 43 datacenters worldwide in 18 locations, housing over 450,000 servers manufactured by us and serving a diversified base of around 1.6 million customers across industry sectors. The company is listed on the Euronext Paris.
The Linklaters team advising on the US and New York law aspects of the high yield bond issuance was led by high yield partner Giacomo Reali, together with US associates Samy Amirouchen and Makenna Cherry.
The Linklaters team advising on the English and French banking matters aspects of the transaction was led by banking partner Kathryn Merryfield, together with counsel Lauren Hanley and associate Léonie Lagresle.
The team was also supported by the firm’s Paris tax team (partner Cyril Boussion and associate Wassim Mokadem) and US tax team (London-based counsel Omer Harel and NYC-based associate Young Jin Kim).
