Guala Closures Completes €150 Million Notes Offering

Paul, Weiss advised Guala Closures S.p.A., a portfolio company of Investindustrial and one of the world’s leading producers of high value-added closures for the wine and spirits industry, in the issuance of €150 million of additional senior secured floating-rate notes due 2029 and the upsize of its existing revolving credit facility. Proceeds from the issuance are expected to be used to fund the bolt-on acquisition of the Astir Group and for general corporate purposes.

The Paul, Weiss team was led by corporate partners Neel Sachdev, Matthew Merkle, Stefan Arnold-Soulby and Nicolò Ascione, and included tax partners Lindsay Parks, Timothy Lowe and Cian O’Connor, and counsel Patrick Karsnitz and Samir Kurani.