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Latham & Watkins Advises Kelvion Group on Issuance of €475 Million Senior Secured Floating Rate Notes
August 8, 2024
German corporate finance team also represents the group in connection with senior revolving credit facility.
Latham & Watkins has advised Kelvion Group on the issuance of senior secured floating rate notes due 2029 under New York law with a principal amount of €475 million. The notes will be listed on the International Stock Exchange.
The transaction also comprised a super senior revolving credit facility with a volume of €235 million. The proceeds from the offering of the new notes will be used to refinance Kelvion Group’s outstanding notes due 2025.
The Latham team was led by Munich debt capital markets partner Rüdiger Malaun and Frankfurt partner Jan Penselin, with banking and finance partner Alexandra Hagelüken and counsel Cora Grannemann and Gregory Walker, with London associate Peter Neuböck, Frankfurt associates Tobias Müller, Anastasia Dressler, Kate Zhu, and Verena Birke, and Munich associate Jannis Strotmann. Advice was also provided on tax matters by Munich partner Ulf Kieker, with Hamburg associate Julia Wenzel.