White & Case advises banks on Trivium Packaging’s US$2.925 billion refinancing

Global law firm White & Case LLP has advised a syndicate of investment banks on the US$2.925 billion (equivalent) refinancing of Trivium Packaging B.V (Trivium).

The refinancing comprised the following transactions:

• €900 million term loan B facility maturing in 2030
• €700 million 6.25% Senior First Lien Secured Notes due 2030
• US$600 million 8.25% Senior First Lien Secured Notes due 2030
• US$600 million 12.25% Senior Second Lien Secured Notes due 2031
• US$330 million asset-based lending facility

The net proceeds from the transactions were used to refinance in full Trivium’s existing financing arrangements, pay related fees and expenses and for general corporate purposes.

Trivium is a leading supplier of innovative, rigid metal packaging solutions, serving over 800 customers across more than 70 countries.

The White & Case team was led by partners Anthony Tama (London) along with Rajani Gupta and Judah Frogel (both New York) and Anna Soroka (London) and included associates Greg Brown, Tarang Nagar, Diala Kakish (all London), Alex Stevens and Viraj Bathe, (both New York), international law clerks Jack Elliott and Anurag Chadha (both New York) and associates Joe Christensen and Mark Geraci (both Boston). Lawyers in the White & Case offices in Frankfurt, Madrid, Milan, Paris, Prague and Warsaw also advised on the transaction.

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