Linklaters Advises on L’Oréal’s $1 Billion Yankee Bond Issuance.
Linklaters has advised the underwriters on L’Oréal’s debut Yankee bond issuance, conducted in reliance on Rule 144A and Regulation S.
The bond, issued in a single tranche of US$1 billion, carries a coupon of 5.00% and is scheduled to mature in May 2035. L’Oréal plans to utilize the net proceeds for general corporate purposes, further bolstering the Group’s liquidity profile.
The Linklaters team advising on this significant transaction was led by Paris-based Capital Markets partners Luis Roth and Véronique Delaittre, supported by managing associate Elise Alperte and associate Victor Duterne.
This issuance marks a strategic milestone for L’Oréal, underscoring the Group’s commitment to maintaining robust liquidity and financial flexibility as it continues its global growth trajectory.
L’Oréal is a French multinational and the world’s largest cosmetics and beauty company. Founded in 1909, it operates in over 150 countries with a diverse portfolio of brands including L’Oréal Paris, Garnier, Lancôme, and La Roche-Posay. The company focuses on innovation, sustainability, and delivering beauty for all.
Linklaters is a global law firm recognized for its deep expertise in banking, capital markets, mergers and acquisitions, and dispute resolution. Operating in over 21 countries, the firm advises multinational corporations, financial institutions, and governments across the world’s major financial hubs. With nearly 200 years of experience, Linklaters has built a reputation for navigating clients through complex commercial, economic, and regulatory change. The firm is also known for its leadership in innovation, diversity, and sustainability, continuing to shape the future of the legal industry.
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