Weil advised leading financial institutions, as initial purchasers, in connection with Clarios Global LP’s $1.2 billion offering consisting of (i) €800 million 4.750% Senior Secured Notes due 2031 and (ii) $300 million add-on 6.750% Senior Secured Notes due 2030. The proceeds will be used to redeem certain outstanding secured notes, pay related fees and expenses, and the remainder, if any, for general corporate purposes. Clarios was acquired by Brookfield, in consortium with CDPQ, through a carve-out in 2019.

The Weil deal team was led by Capital Markets Co-Head Michael Hickey. The team also included Capital Markets associates Michael Cremers, Federica Marini, Andrene Loiten and Nereese Watson, and Banking & Finance Co-Head Justin Lee, partner Andrew Hagan, counsels Max Frolov and Evan Nichols and associates Nick Swan and Dan Cruickshank.