Hercule Debtco’s €150 million High?Yield Senior Notes Offering

Cravath represented Deutsche Bank, BNP Paribas, Credit Suisse and KKR as initial purchasers in connection with the €150 million 144A/Reg. S high?yield senior pay?if?you?can notes offering by Hercule Debtco S.à r.l., which is indirectly owned by PAI Partners.

Proceeds of the offering will be used to finance the acquisition of Albéa S.A., one of the world’s leading producers of plastic packaging for the beauty and personal care market, by a subsidiary of Hercule Debtco.

Hercule Debtco S.à r.l. is a special purpose vehicle established to acquire Albéa S.A.

The notes will be listed on The International Stock Exchange. The offering closed into escrow on February 14, 2018.

The Cravath team included partner Philip J. Boeckman (Picture) and associates Michael L. Arnold and Dominic J. T. Nelson. Michael A. Naclerio also worked on this matter.

Involved fees earner: Philip Boeckman – Cravath Swaine & Moore; Michael Arnold – Cravath Swaine & Moore; Michael Naclerio – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: BNP Paribas; Credit Suisse; Deutsche Bank; KKR;

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