CMA CGM in €400 Million Offering

Cleary Gottlieb represented CMA CGM in an offering of €400 million 5.5% senior notes due 2029.

The offering marks CMA CGM’s return to the high-yield markets after several offerings over the prior decade, on which Cleary had advised.

The offering priced on June 27, 2024, and closed on July 4, 2024. The offering was made on a Rule 144A/Reg S basis. The notes will be listed on the Official List of the Luxembourg Stock Exchange and will trade on the Euro MTF market.

BNP Paribas and Crédit Agricole CIB acted as joint global coordinators and bookrunners; HSBC and Société Générale acted as joint bookrunners; and CIC Market Solutions, CaixaBank, ING, and J.P. Morgan acted as joint lead managers for the offering.

CMA CGM is the third-largest global container shipping company and more broadly a leading global player in sea, land, air, and logistics solutions.