Press Release
| February 6, 2009
Dewey & LeBoeuf Advise on CADES Financing
(PARIS - February 6, 2009) CADES (Caisse d'Amortissement de la Dette Sociale), a French administrative state agency (établissement public national à caractère administratif), whose mission is to consolidate and balance the debts resulting from the social security regime closed a €10 billion financing.
The financing was co-arranged by BNP Paribas, Calyon, HSBC France, J.P. Morgan plc, Natixis, Société Générale Corporate and Investment Banking, The Royal Bank of Scotland plc acted as Bookrunners & Mandated Lead Arrangers, associated to Deutsche Bank Luxembourg S.A. and TD Bank Europe Limited as Mandated Lead Arrangers.
Dewey & LeBoeuf Partner Michel Quéré and Associate Sydney Domoraud-Opéri represented the Mandated Lead Arrangers on this transaction.
This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
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