Latham Advises on kdc/one’s US$1.8 Billion Cross-Border Refinancing

Knowlton Development Corporation, Inc. (kdc/one), a global provider of value-added solutions to brands in the beauty, personal care, and home care categories headquartered in Longueuil, Québec, announced that kdc/one Development Corporation, Inc., a wholly owned direct subsidiary of kdc/one, and KDC US Holdings, Inc., a wholly owned indirect subsidiary of kdc/one, incurred a US$1.005 billion tranche of term loans, a €460 million tranche of term loans, and a US$360 million multi-currency revolving credit facility. The transaction closed on August 15, 2023.

Latham & Watkins LLP represented the administrative agent and lead arrangers, with a banking team led by New York partner Jesse Sheff, with associates Lillian Xiao and Ed Prevost, and a capital markets team led by New York partner Andrew Baker, with associates Shawn Quinn, Egzon Sulejmani, and Vanessa Hillabrand. Advice was provided on UK banking matters by London partner Hendrik Smit, with associates Mark Walker and Rowena McCaughan; on Hong Kong banking matters by Hong Kong partner Howard Lam and Hong Kong counsel Ruonan Duan, with associate Yun Cao; on uniform commercial code matters by New York partner Brian Rock; on tax matters by New York partner Bora Bozkurt, with associates Michael Yu, Sam Weiner, and Ryan Brenner; on real estate matters by Chicago counsel Jeffrey Anderson, with associate Thomas Ficchi; on intellectual property matters by Bay Area partner Chris Hazuka, with associates Kristina Funahashi and Robert Yeh; on FCPA matters by Washington, D.C. partner Kevin Chambers; on sanctions matters by associate C.J. Rydberg; on FDA matters by Washington, D.C. counsel Chad Jennings; on ERISA matters by New York partner Bradd Williamson, with associate Anne Bracaglia; on benefits matters by New York counsel Rifka Singer; and on environmental matters by New York partner Gary Gengel, with associate Brittany Curcuru.