Daily News: March 17, 2014

Kirkland & Ellis Advises Kerneos Tech for $486M Notes Offering

Kirkland & Ellis represented Kerneos Tech Group SAS in connection with the offering of €200 million ($278 million) 5.75% senior secured fixed rate notes due 2021 and €150 million ($208 million) senior secured floating rate notes due 2021, which closed on March 13, 2014.

Proceeds from the notes offering will be used to finance the issuer’s acquisition of Materis Aluminates SAS and its subsidiaries, and repay the target’s existing indebtedness.

The Kirkland team included London-based partners Ward McKimm, Neel Sachdev and Cedric Van den Borren, and associates Andrew Hagan, Leah Pinto, Bryan Robson, William Gwyn and Antoine Lebienvenu. Partner Dulcie Sawle Daly and associate Jason Pegnall advised on the tax aspects of the offering. Partners Joanna Ritcey-Donohue and Satnam Tumani, and associates Chase Kaniecki and Sean Adams advised on regulatory matters.

Kerneos is a worldwide multibrand manufacturer and supplier of calcium aluminate cements.