Milbank Advises on CMA CGM’s High Yield Bond Offering

Milbank LLP represented the initial purchasers in connection with the offering by CMA CGM S.A. (“CMA”) of €400 million in aggregate principal amount of 5.5% senior notes due 2029 (the “Notes”). The proceeds of the offering are expected to be used for general corporate purposes.

CMA is a French-based, leading global player in sea, land, air and logistics solutions. CMA offers services in over 160 countries through a global network of more than 425 offices, 900 warehouses and over 248 main lines calling at over 400 ports.

The Milbank team was led by Corporate Finance and Securities partners Apostolos Gkoutzinis and Trevor Truman, and associates Stefanos Serfas and Alexia Pimbli. The team also included New York Tax partner Eschi Rahimi-Laridjani, with special counsel Craig Cohen and associate Seth Moreida.