Global law firm White & Case LLP has advised Deutsche Bank and other lead arrangers on a US$490 million refinancing of debt facilities for the Clondalkin Group.
Clondalkin produces packaging materials and has several subsidiaries based in Germany, the UK and the US. The loans were secured by guarantees and collateral provided by the subsidiaries.
The refinancing consisted of senior secured first lien credit facilities of US$395 million and a senior secured second lien credit facility of US$95 million, each supported by guarantees and security from members of the Clondalkin Group in the UK, Germany and other jurisdictions.
The White & Case cross-border team was led by partners R. Jake Mincemoyer (Banking, London) and Florian Degenhardt (Banking, Hamburg), and included local partner Matthias Bochum, associates Veit Sahlfeld and Matthias Grigoleit (Banking, Hamburg) and associates Emma Foster und Xiaoyan Sun (Banking, London).
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