Hughes Hubbard Assists Sopra Steria in Refinancing of Share Buyback

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HUGHES HUBBARD ASSISTS SOPRA STERIA IN REFINANCING OF SHARE BUYBACK News & Events | Deals & Matters Hughes Hubbard & Reed LLP • A New York Limited Liability Partnership One Battery Park Plaza • New York, New York 10004-1482 • +1 (212) 837-6000 Attorney advertising. Readers are advised that prior results do not guarantee a similar outcome. No aspect of this advertisement has been approved by the Supreme Court of New Jersey. For information regarding the selection process of awards, please visit https://www.hugheshubbard.com/legal-notices- methodologies. Hughes Hubbard & Reed advised Sopra GMT in the renancing of a repurchase of a share participation in European services company Sopra Steria Group from Societe Generale subsidiary Geninfo. Sopra GMT (composed of the Pasquier and Odin families) is the main shareholder of Sopra Steria. The renancing closed on Dec. 23, 2015, six months after the repurchase. The 90-million-euro renancing paid o the balance of a bridge loan funded by CIC Lyonnaise de Banque. The renancing was divided into a syndicated loan of 45 million euros and the issuance of bonds for 45 million euros placed by private placement to investors. Sopra GMT secured the nancing with a pledge over the shares of Sopra Steria and Axway Software, which are held by Sopra GMT. An intercreditor agreement was executed by the bondholders and the lenders. Euroclear settled the bonds. CIC Lyonnaise de Banque was the arranger and agent of the loan. CM-CIC Securities (merged into CIC Lyonnaise de Banque in January) and Banque Palatine placed the bonds. French IT services companies Steria and Sopra merged in 2014 to create an organization with 37,000 employees in more than 20 countries and 3.4 billion euros of revenue in 2014. That same year, Hughes Hubbard advised Sopra in a 1.2 billion euro multicurrency term and revolving facilities agreement in connection with the merger. Sopra Steria and Axway Software are listed on the Euronext Paris, and Sopra GMT is the next largest shareholder of Axway Software after Sopra Steria. Sena Agbayissah and Agnes Braka-Calas worked on the deal. Hughes Hubbard Assists Sopra Steria in Reﬁnancing of Share Buyback 1/2 Related People Sena Agbayissah Agnès Braka-Calas Related Areas of Focus Banking & Financial Services Corporate Hughes Hubbard Assists Sopra Steria in Reﬁnancing of Share Buyback 2/2.

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