We advised Avolta on its high-yield notes offering

Davis Polk advised Dufry One B.V., a wholly owned subsidiary of Avolta AG, as issuer, and Avolta AG and certain of its wholly owned subsidiaries, as guarantors (together with the issuer, “Avolta”), in connection with a Regulation S high-yield debt offering of €500 million aggregate principal amount of 4.500% senior notes due 2032. The notes are listed on The International Stock Exchange.

Based in Basel, Switzerland, Avolta is a global travel experience player, operating over 5,100 duty-free and duty-paid shops and restaurants in over 1,000 locations such as airports, cruise liners and ferries, seaports, motorways, railway stations and downtown tourist areas.

The Davis Polk corporate team included partner John B. Meade and associates Michael Schuster and Maddie White. Counsel Sarah E. Kim and associate Caleb Beavers provided Investment Company Act advice. Members of the Davis Polk team are based in the New York office.

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