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Marc Plepelits

Partner

Email

marc.plepelits@aoshearman.com

Phone

+49 69 2648 5405

Offices

Frankfurt

V-CARD
Marc is a leading U.S. corporate finance and securities lawyer with more than 25 years’ experience covering a broad range of international capital markets and leveraged finance transactions. 
He regularly advises issuers, financial sponsors, underwriters, lenders and other market participants in Rule 144A/Regulation S high yield bond offerings and has extensive experience in bridge financings for acquisitions and with syndicated loan and private credit financings. His experience also includes advising on IPOs and other equity offerings, investment grade debt offerings and tender offers and other liability management exercises. Marc heads the firm’s U.S. corporate finance team in Germany and regularly handles transactions across Europe and the United States. Marc has been recognized as a leading individual in major legal directories, including Chambers Global, Chambers Europe, IFLR 1000, The Legal Media Group Expert Guide to the World’s Leading Lawyers and JUVE.

Experience

Representative matters

  • IHO Verwaltungs GmbH in connection with the issuance of €600 million 6.750% / 7.500% Sustainability-Linked Senior Secured PIK Toggle Notes due 2029, €400 million 7.000% / 7.750% Sustainability-Linked Senior Secured PIK Toggle Notes due 2031, $500 million 7.750% / 8.500% Sustainability-Linked Senior Secured PIK Toggle Notes due 2030 and $450 million 8.000% / 8.750% Sustainability-Linked Senior Secured PIK Toggle Notes due 2032 to refinance existing bonds.
  • The initial purchasers in connection with the offering by Azelis Finance NV of €600 million 4.75% Senior Notes due 2029, guaranteed by Azelis Holding S.A., and the lenders in connection with Azelis’ new senior credit facilities agreement, comprising a €600 million term loan and a €500 million revolving credit facility. Azelis is a Belgian specialty chemicals supplier. PLT VII Finance, the parent company of Bitė Group, in connection with its offering of €500 million Floating Rate Senior Secured Notes due 2031 and €420 million of its 6% Senior Secured Notes due 2031. Bitė Group is the leading international telecommunication group in the Baltic countries and a portfolio company of Providence Equity Partners. 
  • The placement agent and investors in connection with the issuance by Business Integration Partners, a globally active consulting firm and a portfolio company of CVC, of €70 Mio. Floating Rate Senior Secured Notes due 2031. 
  • The initial purchasers in connection with the offering by Alexandrite Monnet UK Holdco Plc, the parent company of Befimmo, in connection with the offering of €350 million 10.5% Senior Secured Notes due 2029. Befimmo is the largest office owner and operator in Belgium and Luxembourg and a portfolio company of Brookfield.
  • The financiers in connection with the financing of the acquisition of Alter Domus, a leading provider of integrated solutions for the alternative investment industry, by funds advised by Cinven. The financing including a €640 million and $778 million Term Loan B and a Delayed Draw Term Loan. 
  • The financiers in connection with the financing of the acquisition of Eleda, a Swedish infrastructure service provider, by funds advised by Bain Capital. The financing included a €765 million Term Loan B and a €153 million Delayed Draw Term Loan. 
  • The initial purchasers in connection with the offering by leading German leisure, travel and tourism company TUI AG of €500 million of its 5.875% sustainability-linked senior notes due 2029.
  • The mandated lead arrangers in connection with a €765 million Term Loan B, a €153 million Delayed Draw Term Loan and a revolving credit facility in connection with the acquisition of Swedish infrastructure services provider Eleda by funds advised by Bain Capital.
  • The mandated lead arrangers in connection with the refinancing, comprising a €910 million Term Loan B and a revolving credit facility, of Planet Group, a European payment services provider owned by funds advised by Advent and Eurazeo.
  • The initial purchasers in connection with the offering by ams-OSRAM AG, a leading developer and manufacturer of innovative lighting and sensor solutions, of its €625 million 10.5% Senior Notes due 2024 and $400 million 12.25% Senior Notes due 2029.
  • IHO Verwaltungs, the company through which the Schaeffler family holds its investments in automotive and industrial suppliers Schaeffler AG, Continental AG and Vitesco Technologies Group AG, in connection with the issuance of €500 million 8.750% / 9.500% Sustainability-Linked Senior Secured PIK Toggle Notes due 2028 and a subsequent issuance of an additional €300 million of fungible notes, as well as in connection with multiple previous issuances of high yield bonds in a volume of several billion euros and dollars.
  • The initial purchasers in connection with the offering by Belgian specialty chemicals supplier Azelis Holding S.A., a portfolio company of EQT, of €400 million of its 5.75% Senior Notes due 2028.
  • Corestate Capital Holding S.A. in connection with its financial restructuring involving, among other things, the provision of bridge financings and amendments to the company’s outstanding bonds involving, among other things, a debt reduction and maturity extension.
  • The financiers in connection with the financing of the acquisition of irca S.p.A. by funds advised by Advent. 
  • The initial purchasers and lenders in connection with the offering by Bach Bidco S.p.A. of €275 million Floating Rate Senior Secured Notes due 2028 and a €50 million super-senior revolving credit facility, in connection with the acquisition by funds advised by CVC of Business Integration Partners S.p.A. 
  • The financiers in connection with a term loan B, a revolving credit facility and PIK notes in connection with the acquisition by funds advised by Cinven of think-cell Software GmbH, a German computer software company.
  • The initial purchasers and lenders in connection with the offering by Herens Midco and Herens Holdco of US$350 million 4.750% Sustainability-Linked Senior Secured Notes due 2028 and €460 million 5.250% Sustainability-Linked Senior Notes due 2029, €750 million and $1,095 million term loans B and a €375 million revolving credit facility, in connection with the acquisition by funds advised by Bain Capital and Cinven of Lonza Specialty Ingredients.
  • The borrowers in connection with the financing of the acquisition of Oikos Group, a leading German provider of prefabricated houses, by funds advised by Goldman Sachs International. 
  • The financiers in connection with a term loan B, a revolving credit facility and a second lien facility in connection with the acquisition by funds advised by EQT of Recipharm AB by way of a public takeover offer.
  • The financiers in connection with a refinancing of team.blue, a leading European digital enabler and a portfolio company of HgCapital , through a first and second lien facility and a PIK facility.
  • The initial purchasers in connection with the offering by Siemens Financieringsmaatschappij N.V. of US$10 billion of seven series of fixed and floating rate senior notes guaranteed by Siemens Aktiengesellschaft, as well as several other Yankee bond offerings by Siemens.
  • Oesterreichische Kontrollbank AG, the Austrian export financing agency, in connection with its SEC-registered debt shelf and numerous shelf takedowns in an aggregate principal amount in excess of $50 billion.
  • PLT VII Finance S.à r.l., the holding company of the Bitė Group, a leading integrated mobile, media, fixed broadband and PayTV provider in the Baltic States and a portfolio company of Providence Equity Partners, in connection with the offering of €250 million Senior Secured Floating Rate Notes due 2026 and €400 million 4-5⁄8% Senior Secured Notes due 2026 and a €50 million super-senior revolving credit facility.
  • The issuer or underwriters in numerous initial public offerings, equity capital increases and convertible bond offerings by, among others, alstria office REIT, Česká zbrojovka Group, creditshelf, Delivery Hero, Hapag-Lloyd, Hello Fresh, LEG Immobilien, RAG Stiftung, Raiffeisen Bank International, Rheinmetall, Senvion, SGL CARBON, Shop Apotheke, TAG Immobilien, Uniper, voxeljet and Vulcan Energy Resources.

Published Work

  • Plepelits M. (2012), “Standards für den gemeinsamen Vertreter der Anleihegläubiger nach dem Schuldverschreibungsgesetz – Eine kritische Betrachtung der Empfehlungen der DVFA und des BVI“, CORPORATE FINANCE law 8/2012.
  • Plepelits M. (2010), “The High Yield Bond Covenant Package – Introduction and Overview of Market Trends”, CORPORATE FINANCE law 2/2010.
  • Plepelits M. (2009), “Die Verwendung von Total Return Equity Swaps bei feindlichen Übernahmen – Eine Analyse nach deutschem und US-amerikanischem Wertpapier- und Übernahmerecht“, Gedächtnisschrift für Michael Gruson, de Gruyter.
  • Plepelits M. (2009), “Debt Equity Swaps – Chancen und Risiken der Umwandlung von Fremd- in Eigenkapital“, Die Aktiengesellschaft, AG Report 8/2009.

Leadership Positions And Professional Affiliations

  • Member, American Bar Association

Qualifications

Admissions

Admitted to the bar, State of New York, USA, 1998

Academic

LL.M., New York University School of Law, USA, 1997

Master juris, University of Vienna School of Law, Austria, 1995

Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.