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Conyers Dill & Pearman advised Credit Suisse in connection with the US$3.25 billion high-yield senior secured debt offering by various subsidiaries of Reynolds Group Holdings Limited, the proceeds of which are to be used to repay certain indebtedness and for general corporate purposes.
Credit Suisse acted as lead arranger for a consortium of financial institutions. The transaction which closed in September 2012 was, at that date, the largest high-yield offering since 2008.
Sheba Raza of Conyers’ London office advised on British Virgin Islands law aspects of the transaction alongside Cravath, Swaine & Moore LLP and Clifford Chance LLP who advised on the US law and English law aspects of the transaction respectively.
Based in Auckland, New Zealand, Reynolds Group is a leading global manufacturer and supplier of consumer food and beverage packaging and storage products.
With a multi-jurisdictional presence in Bermuda, BVI, Cayman and London, Conyers has advised on a large number of financing transactions this year.