Shearman & Sterling represented Trivium Packaging in connection with its offering of $2.85 billion of notes, consisting of €625 million 3.750% senior secured notes due 2026, $1.05 billion 5.500% senior secured notes due 2026, €355 million senior secured floating rate notes due 2026 and $700 million 8.500% senior notes due 2027.

The offering, which was conducted pursuant to Regulation S and Rule 144A under the U.S. Securities Act, closed on August 2, 2019.

The net proceeds of the transaction will be used to finance the combination of Exal Corporation and Ardagh Group’s Metal Food & Specialty Packaging business.

Trivium will serve a diverse range of multinational, regional and local customers operating in a wide array of end markets, including food, seafood, pet food, nutrition, beauty and personal care, household care and premium beverages.

The Shearman & Sterling team below was assisted by associates Do Hee Jeong and Preston Hipps.

The Team