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Whitecase
Full Credential Description
Global law firm White Case LLP advised a syndicate of investment banks on the US$2.925 billion refinancing of Trivium Packaging B.V. This refinancing was essential for Trivium, a leading supplier of innovative, rigid metal packaging solutions, as it allowed the company to address its existing financing arrangements comprehensively. The refinancing included a €900 million term loan B facility maturing in 2030, €700 million in 6.25% Senior First Lien Secured Notes due 2030, US$600 million in 8.25% Senior First Lien Secured Notes due 2030, US$600 million in 12.25% Senior Second Lien Secured Notes due 2031, and a US$330 million asset-based lending facility. The net proceeds from these transactions were utilized to fully refinance Triviums existing financing, cover related fees and expenses, and support general corporate purposes. This strategic financial maneuver not only streamlined Triviums debt structure but also positioned the company for future growth, serving over 800 customers across more than 70 countries. The White Case team, comprising partners and associates from various offices, played a crucial role in facilitating this complex refinancing process, ensuring that Trivium could maintain its competitive edge in the packaging industry.