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Clients rely on our Finance Group to help them navigate the business and legal complexities of novel and multi-dimensional debt financing transactions. Our versatile finance practitioners work closely with our mergers and acquisitions, securities, tax, real estate and bankruptcy lawyers to provide seamless advice and innovative solutions that address our clients' debt financing needs related to all types of transactions and capital structures.

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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