Guala Closures Completes €1 Billion Refinancing

Paul, Weiss advised Guala Closures S.p.A. on its issuance of €1 billion of senior secured floating rate notes due 2033 and the amendment and restatement of its €175 million revolving credit facility. Guala Closures is a portfolio company of Investindustrial and one of the world’s leading producers in the high value-added closures market. Proceeds of the notes offering were used to refinance existing indebtedness.

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