Weil advised BNP PARIBAS, as Global Coordinator and Sole Bookrunner, and Natixis, as Joint Lead Manager, in connection with the offering of €400 million 4.500% senior notes due 2030 by Séché Environnement S.A. (Séché).

The proceeds from the offering of the notes were primarily used to repay amounts drawn under Séché’s outstanding bridge facility and revolving credit facility in connection with the acquisition of Singapore-based ECO Industrial Environmental Engineering Pte Ltd (ECO) from Beijing Capital Eco-Environment Protection Group Co., Ltd. The remaining proceeds will be used for general corporate purposes.

Weil previously advised the lenders on the aforementioned bridge facility, which provided for total commitments of €450.0 million and was entered into by Séché to finance the acquisition of ECO.

Séché is a leading player in the circular economy and environmental services, both in France and internationally, addressing key environmental challenges including resource preservation, climate change mitigation and biodiversity protection.

The Weil team was led by High Yield partner Gilles Teerlinck and Finance partner James Clarke and included counsel Pierre Brule and associate David St-Onge in London, and associate Caroline Bloch in Paris, with French Tax advice from partner Edouard de Lamy and associate Axelle Trintignac.