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Our Finance Group helps clients navigate the business and legal complexities of novel and multidimensional debt financing transactions. We fully understand the challenges faced by borrowers, investors and lenders throughout a company’s lifecycle, from evolving techniques in acquisition finance to the tensions inherent in distressed situations. We are the firm of choice for the most innovative and complex financing matters, including bespoke structured financings and whole-business securitizations of novel assets and restructurings of multibillion-dollar companies.

Spectrum Brands Closes Multicurrency Credit Facility

Paul, Weiss client Spectrum Brands, Inc. closed an approximately $2.4 billion multicurrency credit facility. The new credit facility refinances all of Spectrum's current bank debt in U.S., European and Canadian currency and will also be used to refinance $300 million of its outstanding bonds. This closing completes a three-month continuous process during which Spectrum acquired Armor-All Group for $1.4 billion, raised $1 billion of bonds and $500 million of equity and refinanced all of its bank debt and all of Armor-All's debt.  

The Paul, Weiss team for the credit facility included corporate partners Eric Goodison and Raphael Russo; intellectual property counsel Claudine Meredith-Goujon; tax partner Richard Bronstein; real estate partner Salvatore Gogliormella; environmental counsel William O'Brien; and employee benefits counsel Reuven Falik.

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