Davis Polk Advised Avolta On Its €500 Million High-Yield Notes Offering

Davis Polk Advised Avolta On Its €500 Million High-Yield Notes Offering

Davis Polk advised Dufry One B.V., a wholly owned subsidiary of Avolta AG, as issuer, and Avolta AG along with certain of its wholly owned subsidiaries as guarantors (together, “Avolta”), in connection with a Regulation S high-yield debt offering of €500 million aggregate principal amount of 4.500% senior notes due 2032. The notes are listed on The International Stock Exchange.

Headquartered in Basel, Switzerland, Avolta is a global travel experience company operating over 5,100 duty-free and duty-paid shops and restaurants across more than 1,000 locations worldwide, including airports, cruise liners, seaports, motorways, railway stations, and downtown tourist areas.

The Davis Polk team was led by John B. Meade (partner), with support from Michael Schuster (associate) and Maddie White (associate). Sarah E. Kim (counsel) and Caleb Beavers (associate) advised on Investment Company Act matters. Members of the Davis Polk team are based in the New York office.

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