Conyers Dill & Pearman advised a consortium of leading financial institutions as purchasers in connection with a €400 million senior secured note offering issued by Smurfit Kappa Acquisitions, a wholly owned subsidiary of Smurfit Kappa Group plc, a world leader in paper-based packaging products.
In February 2013, €400 million of senior secured notes due 2020 were issued, the proceeds of which are to be used to repay certain indebtedness of the Group and to pay fees and expenses related to the offering.
Conyers’ Sheba Raza advised on Bermuda law aspects of the notes documentation and the related security package, working alongside Cravath, Swaine & Moore LLP, who advised on the US law aspects of the transaction.