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Latham Advises IFCO and Sponsors Triton and ADIA on Amend & Extend Transaction
March 21, 2024
Corporate finance team represents leading provider of reusable packaging containers (RPCs) on facilities increase and maturity extension.
Latham & Watkins has advised IFCO, a company majority owned by investment firms Triton and the Abu Dhabi Investment Authority (ADIA), on its successful refinancing resulting in an overall increase of existing term facilities to €1.64 billion and existing revolving facilities to €310 million in addition to a maturity extension of the existing term and revolving facilities.
The increase of the term facilities was met with high demand from institutional investors from both domestic and foreign markets, with the order book being almost twice oversubscribed.
The corporate finance team was led by Frankfurt partner Alexandra Hagelüken, with counsel Cora Grannemann and associate Kate Zhu.