Chance advises Azelis on its €400 million bond refinancing

Global law firm Clifford Chance has advised Azelis, the reference innovation service provider in the specialty chemicals and food ingredients industry, on its offering of €400 million 4.125% senior unsecured notes due 2031.

Clifford Chance has previously advised Azelis on multiple financing transactions, including the company's IPO on Euronext Brussels and the related financing arrangements in 2021, its €400 million debut bond offering in 2023 and its €1.7 billion bond and loan refinancing in 2024. The proceeds from this transaction will be used to refinance certain existing debt of the company, extending its debt maturity profile and reducing its cost of capital.

Clifford Chance's high yield bond team was led by London partner Drew Rundus and associates Aritra Saha and Saherish Surani. Belgian law advice was provided by senior counsel Wim Aerts and associate Sonia Belhassen.