October 22, 2024

Milbank Advises Metlen Energy & Metals S.A. in Its €750M Green Bond Offering

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Milbank LLP advised Metlen Energy & Metals S.A. (formerly known as Mytilineos S.A.) (“Metlen”) in connection with its green bond offering of €750 million 4.00% senior notes due 2029. Metlen used the proceeds of the bonds to redeem in full its existing $500 million 2.50% senior notes due 2024, and intends to use the remaining proceeds for general corporate purposes and to pay fees and expenses related to the offering. An amount equivalent to the net proceeds of the offering will be used to finance or refinance eligible green projects in accordance with Metlen’s green finance framework.

Founded in 1908 and headquartered in Athens, Metlen is a leading industrial company with internationally diverse assets and operations. Its shares are listed on the Athens Exchange with a market capitalization of more than €4.8 billion.

The Milbank team was led by European Leveraged Finance / Capital Markets partners Apostolos Gkoutzinis and Trevor Truman, and associates Stefanos Serfas and Harshil Bansal. The team also included New York Tax partner Andrew Walker, with associate Blake Rocks.