Latham & Watkins Advises Axalta in Upsized US$700 Million Notes Offering

Axalta Coating Systems Ltd., a global leader in the coatings industry, has announced that its indirect, wholly owned subsidiary, Axalta Coating Systems, LLC, priced its offering of US$700 million in aggregate principal amount of 3.375% Senior Notes due 2029. The size of the offering was increased by US$100 million from the previously announced offering size of US$600 million. The Notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, and outside the United States in compliance with Regulation S under the Securities Act.

Latham & Watkins LLP represented Axalta in the offering with a Washington, D.C.-based capital markets team led by partners Patrick Shannon and Jason Licht, with counsel Christopher Cronin and associates Lucas Balchun, Ajani Husbands, and Gabrielle Blum.