Selecta Group issues additional EUR 100m 5 7⁄8% Senior Secured Notes due 2024 and additional EUR 50m Senior Secured Floating Rate Notes due 2024
Niederer Kraft Frey acted as Swiss counsel to the Selecta Group in connection with the issuance of additional EUR 100 million 5 7⁄8% Senior Secured Notes due 2024 and additional EUR 50 million Senior Secured Floating Rate Notes due 2024 by Selecta Group B.V. Goldman Sachs International, KKR Capital Markets (Ireland) Limited and Credit Suisse acted as the initial purchasers.
The Selecta Group is the leading route-based unattended self-service coffee and convenience food provider in Europe by revenue with more than 475,000 points of sale across 16 countries. The Selecta Group offers consumers a wide variety of on-the-go food products for everyday consumption and impulse purchases, with a strong focus on coffee, at all hours of the day and every day of the year thanks to its unattended, 24/7, fully automated, convenience retail concept.
The NKF team was led by Capital Markets partner Philippe Weber working with counsel Christina Del Vecchio, along with Tax partner Markus Kronauer and Tax counsel Elga Reana Tozzi.