Shearman And Sterling

News June 21, 2021

Samsonite $2 Billion Refinancing Amendment

Shearman & Sterling advised Bank of America, N.A., as the TLB Administrative Agent, and HSBC Bank USA, N.A., as the 2021 Refinancing Tranche B New Term Lender, on a refinancing amendment to Samsonite International S.A.’s existing $1.15 billion term loan facilities and $850 million revolving facility, pursuant to which $495.5 million of the 2020 Incremental Tranche B Term Loans were repriced.

Samsonite International S.A. engages in the design, manufacture, sourcing, and distribution of travel luggage bags worldwide. It offers luggage, business, computer, outdoor, casual, and women’s bags; and travel accessories and slim protective cases for personal electronic devices primarily under the Samsonite, Tumi, American Tourister, Speck, High Sierra, Gregory, Lipault, Kamiliant, Hartmann, and eBags brands, as well as other owned and licensed brand names.

The Shearman & Sterling team below included Gina Eum and Anna Petrocelli.

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