Shearman & Sterling advised Frigoglass S.A.I.C. on the high yield notes offering of €260 million 6.875% senior secured notes due 2025 by its wholly owned subsidiary, Frigoglass Finance B.V. The notes are guaranteed on a senior secured basis by Frigoglass S.A.I.C. and certain of its subsidiaries. 

The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on February 12, 2020. The proceeds from the offering will be used to repay certain existing indebtedness, for general corporate purposes and pay related fees and expenses.

Frigoglass S.A.I.C., headquartered in Athens, Greece and listed on the Athens stock exchange, is one of the world’s leading manufacturer of commercial beverage coolers and one of the largest suppliers of high quality glass containers and complementary packaging products in West Africa.

The Team