Paul Hastings Advises STEF-TFE in the Issuance of €100million Worth of Bonds With Equity Warrants

August 28, 2008

Paris, 28 August 2008 Paul, Hastings, Janofsky & Walker LLP, advised the company STEF-TFE, European specialist in transport and logistics in cold air, in the issuance of 452,488 OBSAAR (bonds with equity warrants) for a total amount of 100 million euros. The subscription period was opened from 3 to 21 July 2008.

This operation, launched with pre emptive subscription rights, was covered by a banks pool subscription agreement, made up of LCL, BNP PARIBAS, CREDIT DU NORD and SOCIETE GENERALE. ODDO & CIE arranged the issuance.

Aline Poncelet, partner, Arnaud Lafarge and Xavier Jacquet advised the company STEF-TFE about all legal points of the operation.

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