Freshfields assists Amadeus on €1.5bn capital and bonds issuance

Freshfields Bruckhaus Deringer has assisted Amadeus IT Group on €1.5bn new capital and senior convertible bonds offerings

These two issuances consisted of €750 million in new capital and €750 million in senior convertible bonds to reinforce Amadeus IT Group´s capital position and to increase its liquidity capacity to deal with the uncertain scenario created by the COVID-19. Amadeus is a travel technology multinational and as many other companies is trying to anticipate possible future liquidity difficulties.

With these two entries of capital, Amadeus’ liquidity reaches over €4 billion. The transaction also included a €1 billion “bridge-to-bond”.

The Madrid-based Freshfields’ global transactions team was led by partners José Armando Albarrán (pictured left) and Alfonso de Marcos (pictured right) and included counsel Joe Amann.