Weil advised certain noteholders of the Frigoglass Group in connection with privately placed €10 million senior secured notes (the “New Notes”). The New Notes were issued under the indenture governing existing €20 million 4.00% Cash Interest and 11.5% PIK Interest Senior Secured Notes (the “Super Senior Notes”). The proceeds of the New Notes will be used to address the Frigoglass Group’s working capital requirements.

The Frigoglass Group is a leading international producer of Ice‐Cold Merchandisers (ICMs) and a major supplier of high-quality glass containers and complementary packaging products in West and Central Africa. In connection with the issuance of the New Notes, certain amendments were made to the terms of the Super Senior Notes, as well as existing €75 million 4.00% Cash Interest and 7.00%/8.00% PIK Toggle Interest Senior Secured Notes (the “1L Notes”) and €150 million Senior Secured Second Lien Notes due 2028 to, among other things, (i) extend maturities of the Super Senior Notes and the 1L Notes to March 2028 and (ii) facilitate the sale of the Nigerian Glass business of the Frigoglass Group.

The Weil team was led by Restructuring partner Matt Benson and High Yield partner Gilles Teerlinck and included High Yield counsel Maxim Frolov and associates Roberto Storlazzi and Delphine Collinet, as well as Restructuring associate Jordan MacDowall.