Conyers advises on €400m senior secured notes offering by Smurfit Kappa Group
Conyers Dill & Pearman has advised a consortium of financial institutions as purchasers in connection with a €400m (£330m) senior secured note offering issued by Smurfit Kappa Acquisitions, a wholly owned subsidiary of Smurfit Kappa Group, which supplies paper-based packaging products.
In February 2013, €400m of senior secured notes due 2020 were issued, the proceeds of which are to be used to repay certain indebtedness of the group and to pay fees and expenses related to the offering.
Conyers’ Sheba Raza advised on Bermuda law aspects of the notes documentation and the related security package, working alongside Cravath, Swaine & Moore, which advised on the US law aspects of the transaction.
News from Conyers Dill & Pearman
Briefings from Conyers Dill & Pearman
Modern company, partnership, trust, and other related laws have made Bermuda a leading offshore financial centre for the formation of private equity vehicles.
FATCA imposes due diligence, information reporting and control burdens on a range of non-US financial intermediaries and investment entities.