Advising René Lezard Group on issuing a corporate bond

Heuking Kühn Lüer Wojtek advised René Lezard Group on issuing a corporate bond of EUR 15 million. The bond is to be listed on Frankfurt Stock Exchange's Entry Standard segment.

An amount of up to EUR 7.5 million from the net proceeds of the issue with 7.25% interest is to be used for refinancing financial liabilities in order to achieve balanced financing between banks and capital market. An amount of up to EUR 3.8 million is to be used for marketing measures to strengthen the "RENÉ LEZARD" brand. Finally, up to EUR 3 million are to be used for expansion in Germany and abroad, in particular by opening new retail stores and factory outlet centers in Germany and abroad, modernizing stores and expanding the wholesale business also in countries in which the company has not been represented to date or not as strongly.

The fashion group established in Schwarzach am Main in 1978 is an internationally established brand name company in the premium segment. The current range comprises ladies outerwear, men's wear and accessories. The products are sold wholesale, including online via an Internet shop, and through own sales channels. Last fiscal year, the company generated revenue of EUR 51.9 million and recorded a result in positive territory, albeit only slightly at EUR 0.1 million.

Responsible for the project
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead),
Madeleine Zipperle, (both Capital Markets),
Dominik Eickemeier (IP/IT), all Cologne