Kronos Acquisition Holdings’ $1.9 Billion Dividend Recapitalization Financing


Paul Hastings LLP advised Barclays on the deal.

Barclays acted as sole book runner and sole lead arranger in connection with two senior notes offerings by Kronos Acquisition Holdings Inc. (KIK) totaling $1 billion and a new $900 million senior secured term loan. KIK is one of America’s largest independent manufacturers of consumer products for household, pool, and auto categories.

The team at Paul Hastings was led by John Cobb (Picture), Marisa Sotomayor, and Katherine Bell, and included of counsels James Shea and Danny Choi, and Seth Chandler, and associates Stephanie An, Carlos Ruiz, Andro Atlaga, Stephen Perry, Andres Loera, Phillip Chang, Tess Peterson, and Philip Cernera.

Involved fees earner: Stephanie An – Paul Hastings; Andro Atlaga – Paul Hastings; Katherine Bell – Paul Hastings; Seth Chandler – Paul Hastings; Phillip Chang – Paul Hastings; Sung Ho Choi – Paul Hastings; John Cobb – Paul Hastings; Andres Loera – Paul Hastings; Stephen Perry – Paul Hastings; Carlos Ruiz – Paul Hastings; James Shea – Paul Hastings; Marisa Sotomayor – Paul Hastings;

Law Firms: Paul Hastings;

Clients: Barclays Bank;

Author: Ambrogio Visconti