Herbert Smith Freehills advises Mersen on US Private Placement

Leading international law firm Herbert Smith Freehills has advised Mersen in connection with the signing of its US private placement (USPP) issuance of (i) €90,000,000 Series A Senior unsecured notes due April 29, 2032, and (ii) US$ 100,000,000  Series B Senior unsecured notes due April 29, 2035, for general corporate purposes including refinancing of existing corporate debt (of which its Schuldschein maturing in April 2026) and support its 2029 growth plan. The transaction is expected to fund in April 2025.

Mersen is a global leader in electrical power and advanced materials, providing high-performance solutions for industries such as renewable energy, semiconductors, and transportation. Founded in 1891 and headquartered in La Défense, France, Mersen operates over 50 industrial sites and 18 R&D centres across 33 countries. 

The Herbert Smith Freehills team was led by partner Gabrielle Wong, supported by senior associate Chelsea Fish and associate Meenakshi Kurpad. Partner Régis Oréal, Of Counsel Joëlle Chetrit and associate David Maréchal advised on the French law aspects of the transaction.

Partner Gabrielle Wong commented: "We are pleased to have advised Mersen, a global leader in electrical power and advanced materials for high-tech industries, on this important transaction. This financing will enable the expansion of Mersen's global offerings, which are crucial to the energy transition and technological innovation. This transaction also highlights our expertise in the USPP market for both debut and seasoned issuers as well as our deep sectoral knowledge in manufacturing and industrials."