ADES International’s $325 millionHigh-Yield Notes Offering


Paul Hastings has advised Bank of America Merrill Lynch and Goldman Sachs as global coordinators for the debut high-yield notes issuance of ADES International Holding PLC, a leading oil & gas drilling and production services provider in the Middle East and North Africa.

Paul Hastings also represented Citigroup as bookrunner and Clarksons Platou as co-manager for the offering. The $325 million of 8.625% Senior Secured Notes due 2024 will be used for certain debt refinancing purposes, and to pay fees, costs and expenses related to the offering.

The Paul Hastings team was led by partners Peter Schwartz (Picture) and Ed Holmes with associates Carlos Ruiz, Amin Doulai, Riccardo Maggi Novaretti, and Andro Atlaga assisting.

Involved fees earner: Amin Doulai – Paul Hastings; Edward Holmes – Paul Hastings; Riccardo Novaretti – Paul Hastings; Carlos Ruiz – Paul Hastings; Peter Schwartz – Paul Hastings;

Law Firms: Paul Hastings;

Clients: Bank of America Merrill Lynch; Goldman Sachs & Co.;