October 21, 2021
Weil represented ING, J.P. Morgan and Rabobank as arrangers in respect of the financing of Waterland’s investment in The Cookware Co., a global manufacturer and distributor of ceramic coated cookware products. The company has roughly 2,000 employees and three production facilities across South Korea, China and Germany, generating turnover in excess of $400 million.
The €343.5 million term loan and $50 million revolving credit facility included a sustainability-linked margin ratchet based on annual key performance indicators.
The Weil team assisting on the financing was led by Banking & Finance partner Reena Gogna and included associates Nicholas Krendel, Sophie Riley, Tanya Jain and Kiddist Forsythe. Tax partner Daniel Nicholas and associate Dylan Lionberger advised on the U.S. tax aspects and counsel Kevin Yao and associates Carolyn Ho and Graham Price advised on the Hong Kong law elements of the transaction.