30 03 2016

Delta Lloyd announced the terms of its EUR 650 million rights offering

Delta Lloyd N.V. announced the terms of its EUR 650 million rights offering. The rights will be traded on the regulated markets of Euronext Amsterdam and Euronext Brussels


The Offering is a critical component of Delta Lloyd's capital plan and the receipt of its gross proceeds is expected to add approximately 25% points to Delta Lloyd's Solvency II standard formula ratio. Delta Lloyd intends to use the net proceeds of the Offering to strengthen its capital base, thereby supporting its financial position and the execution of its strategy as it transitions into the new Solvency II regime, which became effective on 1 January 2016. The Offering is underwritten, subject to customary conditions, by a syndicate of banks led by Goldman Sachs International acting as Sole Global Coordinator and Joint Bookrunner, as well as BofA Merrill Lynch and Barclays, acting as Joint Bookrunners. ABN AMRO and Rabobank are acting as Joint Co- Manager. NautaDutilh advised Delta Lloyd on the Dutch and Belgian law aspects of this offering with a team led by partners Petra Zijp (picture), Walter Schellekens, Nicolas de Crombrugghe and Larissa Silverentand, assisted by associates Philip Silvis and Sascha van Gerrevink, and counsel Paul van der Bijl. Involved fees earner: Nicolas de Crombrugghe - NautaDutilh; Paul van der Bijl - NautaDutilh; Walter Schellekens - NautaDutilh; Philip Silvis - NautaDutilh; Sascha van Gerrevink - NautaDutilh; Petra Zijp - NautaDutilh; Larissa Silverentand - NautaDutilh;

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