Kirkland has advised Klöckner Pentaplast (“kp”), a leading global manufacturer of high barrier protective packaging solutions, and its majority shareholder Strategic Value Partners, LLC and its affiliates (“SVPGlobal”) on the successful completion of kp’s entire capital structure refinancing. The refinancing includes €1.2 billion (equivalent) senior secured term loans denominated in euro and U.S. dollars, €400 million of senior secured notes and €300 million of senior unsecured notes. This refinancing is the first of its kind to incorporate an ESG-linked term loan ratchet marketed to U.S. investors, integrating performance on key ESG issues with set targets for 2025.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
