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Guala Closures Completes €350 Million High-Yield Bond Offering
- Client News
- October 13, 2023
Paul, Weiss advised Guala Closures S.p.A., an Italy-based portfolio company of Investindustrial and one of the world’s leading producers of high value-added closures for the wine and spirits industry, in connection with an issuance of €350 million of senior secured floating-rate notes due 2029 and upsize of its existing revolving credit facility.
Proceeds from the offering will be used for general corporate purposes, including bolt-on acquisitions, and to fund a distribution to Guala’s shareholders, among other things.
The Paul, Weiss team was led by corporate partners Deirdre Jones and Kanesh Balasubramaniam and counsel Nicolò Ascione, and included corporate partner Manuel Frey; and tax partners David Mayo and Lindsay Parks, and counsel Christina Cerrito.