Global law firm White & Case LLP has advised the New York branch of Deutsche Bank AG as administrative agent of new senior secured facilities provided by a syndicate of banks to Spectrum Brands Inc. and Spectrum Brands Europe GmbH.
The new loan facilities consist of a US$215 million and a €225 million term facility for the Spectrum group, the proceeds of which were used to refinance a portion of their existing senior secured facilities.
Spectrum supplies consumer batteries, residential locksets, residential builders' hardware and faucets, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products and personal insect repellents.
The White & Case cross-border team consisted of partners Alan Rockwell (Bank Finance, New York) and Florian Degenhardt (Bank Finance, Hamburg). They were assisted by local partner Veit Sahlfeld (Bank Finance, Hamburg) and associates Spiro Papadolias, Corinne Milliken (both New York), Dr. Charlotte Kreuzberg (Munich) and Melanie Riechert (Frankfurt).
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