The transaction was implemented with the support of the holders collectively holding (i) over 80% of the aggregate principal amount of the Company’s €75 million senior secured notes due 2026 (the “Existing Senior Secured Notes”) and (ii) over 70% of the aggregate principal amount of the Company’s €150 million second lien senior secured notes due 2028 (the “Existing Second Lien Notes”).
The proceeds of the Notes will be used to fund certain cash interest payments on the Existing Senior Secured Notes and Existing Second Lien Notes, fund upcoming working capital and capital expenditure requirements to continue the Frigoglass Group’s business operations and support its growth plans.
Frigoglass is a leading international producer in the Ice Cold Merchandisers (ICM) market and a leading supplier of high-quality glass containers and complementary packaging products in Africa.
The Reed Smith team advised in the following areas:
- Debt Capital Markets: partners Tamara Box, Simon Hugo, Sarah Caldwell, Trish O’Donnell, Jeffrey Stern; counsel Kelly Knight; associates Arya Goudarzi, Rachel Warner, Vasia Chorafa and trainee Eva Burkhart
- Corporate: partners Panos Katsambas, Milan Thakker and Delphine Currie
- Restructuring: partner Linton Bloomberg and associate Colin Cochrane
About Reed Smith
Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, we deliver smarter, more creative legal services that drive better outcomes for our clients. Our deep industry knowledge, long-standing relationships and collaborative structure make us the go-to partner for complex disputes, transactions, and regulatory matters.
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