The practice at A&O Shearman has noteworthy capabilities assisting its portfolio of clients with both domestic and international transactions of considerable value, which span the range of industry sectors. Its workload includes advising on issuances of the broad array of bonds, including tokenised bond issuances. The team is headed up by Jonathan Heeringa whose areas of expertise extend to exchangeable and covered bond issues, debt programmes, and liability management transactions, amongst others. Sophia Evenhuis has a particular specialism in international debt transactions and advises frequently on bonds ranging from ESG and sustainability linked to corporate hybrid.
Capital markets: debt in Netherlands
A&O Shearman
Praxisleiter:
Jonathan Heeringa
Weitere Kernanwälte:
Sophia Evenhuis; Flora van Laar
Referenzen
‘A household name for DCM projects in the Netherlands. Highly reliable and stable performance.’
‘Jonathan Heeringa is very experienced, knowledgeable and easy going whilst to the point with advice. Sophia Evenhuis for sure contributes to an efficient deal execution.’
‘Top of the bill in terms of debt issuance throughout Europe and the US. One of the few that can do complex cases in the most efficient manner.’
Kernmandanten
Credit Europe Group N.V.
Randstad
Koninklijke Ahold Delhaize N.V. (KAD)
ASR Nederland N.V.
Vesteda Finance B.V.
IMCD N.V.
ASML Holding N.V.
Wolters Kluwer N.V.
Achmea B.V.
NN Group N.V.
Highlight-Mandate
- Assisting KAD in connection with a triple tranche issuance of sustainability bonds, green bonds and floating rate notes.
- Advising Vesteda Finance B.V. as issuer in connection with a guaranteed digital green bonds issue by it, arranged by ABN AMRO.
- Assisting NN Group in connection with its inaugural RT1 issue and combined tender offer for outstanding tier 1.
Clifford Chance
The practice at Clifford Chance is well-placed to assist in complex and high-value matters which are frequently multi-jurisdictional in nature. Banking and securities specialist Tineke Kothe is a key practitioner in the team with experience assisting key clients with unsecured and secured debt issues, as well as MTN programmes and drawdowns, amongst other areas. Further names to note include international transaction expert Dewi Walian and Marina Sarkisjan who is well equipped to assist the team’s well-known financial institution and corporate clients. The group is helmed by Jurgen van der Meer, who has expertise advising on the full scope of products.
Praxisleiter:
Jurgen van der Meer
Weitere Kernanwälte:
Tineke Kothe; Dewi Walian; Marina Sarkisjan
Referenzen
‘Practical advice combined with profound knowledge of the business and the client company.’
‘They are incredibly responsive, taking the specific interests of the client company into account.’
‘A very strong and likeable team.’
Kernmandanten
ABN
AMRO
Rabobank
ING
Morgan Stanley
Natwest
MarketsPostNL N.V.
BNP Paribas
Stedin Holding N.V.
Bank of America
Deutsche Bank
Highlight-Mandate
Linklaters
Linklaters‘ group assists its roster of well-known clients on the remit of complex matters. Hugo van der Molen and equity specialist Alexander Harmse co-head the firm’s combined debt and equity capital markets team following the May 2024 departure of former head Pim Horsten. Its workload ranges from advising on the structuring of tokenized bonds, to handling funding issues, to advising renowned financial institutions on regulatory capital issues and on issuances of sustainability-linked bonds. Tom van Steenbrugge is experienced advising issuers and financial advisors in particular. The team’s client list also features corporates which the team assists with liability management transactions, debt programmes, and hybrid issues.
Praxisleiter:
Hugo van der Molen; Alexander Harmse
Weitere Kernanwälte:
Tom van Steenbrugge; Christopher Sanderson
Referenzen
‘In addition to its expert knowledge, the team is the most responsive on the market. They are truly engaged and execute work efficiently.’
‘Hugo van der Molen has learnt from the best in the industry and clearly really cares for his clients and projects.’
‘The debt capital markets team are extremely knowledgeable and keep abreast of market developments which is reflected in the advice that they provide to clients.’
Kernmandanten
ING
J.P. Morgan
HSBC
Deutsche Bank
NatWest Markets
Barclays
UBS
BoFA Securities
Perfetti van Melle
Highlight-Mandate
- Advised ING as issuer on its issuance of $1.25bn 8.00% perpetual additional tier 1 contingent convertible capital securities.
- Advised numerous clients including ING as Joint Lead Managers on PostNL’s first ever issuance of €300m 4.75% sustainability-linked bonds due 2031.
- Advised UBS as dealer manager on Rabobank’s first-ever €1bn tender offer for Rabobank certificates (certificaten) issued by Stichting AK Rabobank Certificaten.
Simmons & Simmons
The practice at Simmons & Simmons is well placed to advise clients ranging from financial institutions to corporates including blue chip corporations and sovereigns. Examples of the types of work the team is equipped to handle includes advising on high-value debt issuance programmes and assisting with the range of funding programmes including EMNT, structured notes and covered bonds. Peter Voorhees is at the helm and is experienced handling multi-jurisdictional debt and equity transactions. Rosa Temminghoff is described as a ‘top-quality’ practitioner by clients. Shari Taylor Molloy departed to an in-house role in October 2024.
Praxisleiter:
Peter Voorhees
Weitere Kernanwälte:
Rosa Temminghoff
Referenzen
‘An excellent all-round team, providing dedicated services in all areas from debt restructuring and litigation to advisory services.’
‘Partner access is exceptional, very friendly, approachable and thoughtful; especially Peter Voorhees.’
‘Technical expertise; excellent client relationship; and very proactive. I have great confidence in the team.’
Kernmandanten
ING Bank
Citigroup
BNG Bank
Rabobank
The Dutch State
NWB Bank
Van Lanschot Kempen
NatWest Markets
Heineken
FMO
Highlight-Mandate
- Acted for The Dutch Entrepreneurial Development Bank (FMO) as issuer in connection with the update of its €20bn Euro Medium Term Note Programme and its $500m Sustainability Bond Issue.
- Acted for ING Bank N.V. on its €25bn global issuance programme.
- Acted for BNG Bank N.V. as issuer in connection with the update of its €110bn Debt Issuance Programme and multiple issuances thereunder.
De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek‘s workload includes acting as issuance counsel for a number of well-known clients in complex contexts. Advising on high-value green hybrid bonds is an area of expertise of the team, and the practice also includes advising clients on credit facilities and establishing commercial paper programmes. Bas Boutellier and Ferdinand Hengst both head up the practice and split their time between the firm’s London and Amsterdam offices. Corporate specialist Lisa de Boer is a key name with experience handling multi-billion-euro green bond issuance matters.
Praxisleiter:
Bas Boutellier; Ferdinand Hengst
Weitere Kernanwälte:
Lisa de Boer; Sifra van Ansenwoude
Referenzen
‘One of the local champion firms in the Netherlands. Their understanding of Dutch law is to the highest standards. A go-to firm where made-to-measure advice is needed.’
‘Bas Boutellier is an expert lawyer and has an eye for the bigger picture and key transaction drivers. This is not commonly seen with lawyers. Lisa de Boer and Sifra van Ansenwoude are both highly talented senior associates.’
‘Able to understand complex matters quickly, high responsiveness, delivery of quality documentation, and high involvement of the people. They have a quick understanding of client’s specific structure and are trusted advisors.’
Kernmandanten
ABN AMRO Bank N.V.
Affimed
AGCO Corporation
AkzoNobel N.V.
Alimentation Couche-Tard
APAX Partners
APG Group
ASML
Axalta
BC Partners
BME Group
Centerbridge Partners
Highlight-Mandate
- Assisting Gasunie on its inaugural green bonds issuance of €300m.
- Assisting the client on the issuance of €1.1bn green hybrid bonds.
- Advising the client on Dutch WHOA as parallel proceeding to US, Spanish and Brazilian proceedings.
NautaDutilh
The team at NautaDutilh is well equipped to assist with high-value issuances of senior secured bonds and with financing and refinancing aspects of senior secured notes, amongst other complex areas. The group’s client roster features well-known names and first-time issuers that the team advises on consistently high-value and frequently cross-jurisdictional cases. The practice is overseen by Petra Zijp and Antonia Netiv alongside Elizabeth van Schilfgaarde who is based in New York City. Sabrina Legerstee departed to private practice in November 2023 and Mariëlle van Nimwegen left to Advestra in June 2024.
Praxisleiter:
Petra Zijp; Antonia Netiv; Elizabeth van Schilfgaarde
Referenzen
‘Very responsive, great communication and a friendly team.’
‘The team offers a wealth of legal expertise and experience. The team not only covers all Dutch law aspects, but also has extensive international experience in several selected areas, including capital markets and M&A, while the firm gives clients access to a large international network of law firms if local support is needed.’
‘The team offers support in a broad perspective, taking a holistic view of things whenever necessary. It is hands-on, responds quickly and provides very clear recommendations, without being dogmatic.’
Kernmandanten
Prosus N.V.
ENEL Finance International N.V.
GlaxoSmithKline plc
De Volksbank N.V.
Nederlandse Waterschapsbank N.V.
Mercedes Benz International Finance B.V.
Petrobras Global Finance B.V.
Arcos Dorados Holdings Inc.
CETIN Group
H&M Hennes & Maurits AB (publ) & H&M Finance B.V.
Unibail Rodamco Westfield S.E.
Coca-Cola Europacific Partners
Highlight-Mandate
- Assisted the client with the successful placement of €500m 4.75% senior notes due 2031 issued and fully guaranteed by Avolta AG and certain of its subsidiaries and on its concurrent a cash tender offer to bondholders of the outstanding €800m senior notes due 2024.
- Advised the client on a refinancing of $1.1bn 12% senior secured notes due 2028, €468m 11% senior secured notes due 2028, $500m senior secured floating rate cash pay/PIK notes due 2028, a private debt facility and a bridging debt facility.
- Assisted the client successfully with its issuance of two tranches of senior secured bonds for a total aggregate amount equivalent to €910m.
Hogan Lovells International LLP
Hogan Lovells International LLP‘s group is well placed to advise its clients, the list of which includes well-known banks and financial institutions. Its workload includes advising in connection with high-value tender offers, with updates on term note programmes, and with aspects of bond issuances, including fixed-rate covered bonds. The team is headed up by Robert Masman who has expertise in asset-backed, structured and real estate finance work.
Praxisleiter:
Robert Masman
Weitere Kernanwälte:
Wouter Jongen; Dylan Goedegebuure
Kernmandanten
ING Bank N.V.
ABN AMRO Bank N.V.
Coöperatieve Rabobank U.A.
Bank of America Merrill Lynch Group
Schiphol
LeasePlan Corporation N.V.
Volkswagen Pon Financial Services B.V.
BNP Paribas SA
BNP Paribas UK Limited
Enel
Azerion
Highlight-Mandate
Loyens & Loeff
The team at Loyens & Loeff is experienced advising a wide range of clients, including multinationals, listed companies and investors, on the remit of high-value transactions. Public and private equity and debt offerings are areas of particular expertise of Martijn Schoonewille, while Michel Van Agt has a focus on Dutch corporate law and related notarial law; the two co-head the group. Menno Baks handles standalone debt instruments and programmes for clients.
Praxisleiter:
Martijn Schoonewille; Michel Van Agt
Weitere Kernanwälte:
Menno Baks
Kernmandanten
OrganonMerck & Co., Inc.
BNP Paribas
ING Bank N.V.
J.P. Morgan SE
ABN AMRO Bank N.V.
Coöperatieve Rabobank U.A.
Givaudan Finance Europe B.V.
Roche Finance Europe B.V.
Robert Bosch Investment Nederland B.V.
OI European Group B.V.
Jones Lang Lasalle
Sensata Technologies
Highlight-Mandate
- Assisted as Dutch counsel on the guaranteed notes offering and issuance by MSD Netherlands Capital B.V., consisting of €3.4bn, being four tranches of €850m notes.
- Assisted on the notes offerings by IPD 3 B.V. of €5.2bn senior secured floating rate notes due 2031 and the add-on of 8% €90m senior secured notes due 2028.
- Assisted on the establishment of the commercial paper program by Jones Lang LaSalle Finance B.V. of up to $2.5bn of unsecured and unsubordinated notes, as Dutch counsel to the issuer.
Stibbe
Advising on various aspects of medium term note programmes, on the recapitalisation and restructuring of company clients, and on the issuance of multi-million euro notes issuances, frequently in cross-jurisdictional contexts, are all elements of work which feature in Stibbe‘s workload. The group is co-led by Marieke Driessen who harnesses a debt finance and regulatory specialism, London-based Rein van Helden and tax expert Maarten de Bruin.
Praxisleiter:
Marieke Driessen; Rein van Helden; Maarten de Bruin
Weitere Kernanwälte:
Niek Groenendijk; Barbra Bulsing
Highlight-Mandate
- Acted on the annual update of the client’s Dutch law governed €20bn debt issuance programme, which also includes regulatory capital notes, structured notes, and issuances and liability management thereunder, including the issue of €500m senior non-preferred notes.
- Assisted the client with its €430m notes issuance in January and its €550m notes issuance in July.