Advestra advises Bank of America and UBS on the placement of CHF 49.6 million convertible bonds due 2028 and the public repurchase offer for outstanding convertible bonds due 2026 of DocMorris

DocMorris successfully placed CHF 49.6 million senior unsecured guaranteed convertible bonds due 2028. The bonds were issued by a Dutch subsidiary, guaranteed by DocMorris AG and are convertible into shares of DocMorris AG. The proceeds of the convertible bonds will primarily be used to fund the early buyback of its outstanding CHF 87.6 million 2026 convertible bonds and for general corporate purposes. For this purpose, DocMorris successfully conducted a public repurchase offer for these convertible bonds.

Bank of America and UBS acted as joint bookrunners in these transactions.

Advestra acted as legal counsel to Bank of America and UBS. The team included Annette Weber, Thomas Reutter, Mariëlle van Nimwegen and Jana Wildberger (all Capital Markets) as well as Céline Martin (Tax).