Today, March 23 2016, Delta Lloyd 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.
NautaDutilh advised and continues to advise Delta Lloyd on the Dutch and Belgian law aspects of this offering. 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. The offering is underwritten 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.