Advestra advises Swiss Prime Site on the placement of convertible loan notes

Swiss Prime Site issued con­vert­ible loan notes in the aggreg­ate amount of CHF 275 mil­lion to ELM B.V., a repack­aging vehicle. ELM in turn issued exchange­able notes, which were placed with investors and are exchange­able into shares of Swiss Prime Site. The use of the repack­aging vehicle allows Swiss Prime Site to diver­si­fy its fund­ing strategy at attract­ive terms.

Advestra acted as leg­al coun­sel to Swiss Prime Site. The team included Sandro Fehl­mann, Annette Weber, Thomas Reut­ter, Valérie Bayard and Samuel Fäh (all Cap­it­al Mar­kets) as well as Céline Mar­tin (Tax).