Linklaters advised Maxam (a portfolio company of Rhône Group) on its issuance of €175 million additional HY bonds, the proceeds of which, together with cash on balance sheet, will fund a €250 million dividend to Maxam’s shareholders. This transaction follows on from Maxam’s €180 million additional HY bond issuance in March 2026 (funding another €255 million dividend) and its inaugural €1.2 billion HY bond issuance in July 2025 (funding another €441 million dividend). Linklaters also advised Maxam on both of those transactions.
Maxam is a global civil explosives company with strong market positions in Europe, Latin America, Africa and Central Asia, providing customized solutions to clients’ needs, backed by over 150 years of experience in the design, development, manufacture and application of civil explosives.
The Linklaters high yield team was led by Alek Naidenov and supported by Dami Banire and Thomas Alves Pereira.
Luxembourg and Spanish support was provided by Melinda Perera and Jorge Alegre, assisted by Maëva N’Zogho, Jorge Suarez and Cecilia Manzano. Joakim-Antoine Charvet and Omer Harel advised on Luxembourg and U.S. tax matters.
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
