Slaughter and May advises ISS on liability management exercise

Slaughter and May is advising ISS, one of the world’s leading facility services companies, on its invitation to tender for repurchase for cash to the holders of its outstanding €500,000,000 1.125 per cent. Notes due 7 January 2021. The notes are listed on the Luxembourg Stock Exchange.

ISS is undertaking the tender offer for the purpose of managing the group’s capital structure. The invitation to tender launched on 4 December 2019 and will remain open until 10 December 2019 with settlement expected to occur on 13 December 2019.