October 05, 2021
Weil represented Stirling Square Capital Partners in the financing for the acquisition of Itelyum, a leading provider of sustainable solutions for industrial waste recycling. The successful financing consisted of €450 million Sustainability-Linked Senior Secured Notes due in 2026 and a €50 million super senior revolving credit facility. The net proceeds of the offering were used to pay the purchase price of the acquisition and repay existing indebtedness of Itelyum. The offering closed on October 1, 2021.
The Weil team assisting on the bond offering was led by High Yield partner Patrick Bright and included counsel Alexander Horstmann-Caines and associates Fabio Pazzini and Anish Mohanty. The team also included Banking & Finance partner Reena Gogna, counsel Giorgia Sosio De Rosa and associates Dimeji Ademiju and Jonathan Bell. Tax partner Daniel Nicholas and associate Dylan Lionberger advised on the U.S. tax aspects.