Scroll Top


No Fees Unless You Collect

Clifford Chance advises Sealed Air on financing of US$1.15 billion acquisition of Liqui-Box

Leading international law firm Clifford Chance has advised Sealed Air Corporation on the financing aspects for its US$1.15 billion acquisition of Liqui-Box, Inc.
Clifford Chance helped Sealed Air with the debt financing and refinancing aspects in acquiring all of the issued and outstanding shares of capital stock of LB Holdco, Inc., the parent company of Liqui-Box. The financing consisted of a bridge loan commitment of US$1.0 billion, an incremental term loan facility of US$650 million and a Rule 144A/Regulation S issuance of US$775 million 6.125% senior notes due 2028. The proceeds of the term loan and notes offering were used, in part, to finance the acquisition of Liqui-Box. The proceeds of the notes were also used, in part, in an all-cash tender offer to repurchase Sealed Air’s outstanding €400 million 4.500% senior notes due this year.
The transaction was led by partner Gary Brooks, counsels Jason Parsont and John McManmon and associates Heba Hazzaa and Jarek Peterson, supported by a cross-practice team consisting of partners Avrohom Gelber (Tax), Paul Koppel (ERISA) and Jeff LeMaster (Funds), counsel Daryl Fairbairn (IP) and supporting associates Soyeon Kim, Allison Kelly, Thomas Koh, Hyde Kwan, Emily Picard; and law clerk Michelle Verkhoglaz

Powered by WPeMatico

Related Posts

Call Now