Goodwin represented Loparex, a North Carolina-release liner manufacturer and portfolio company of Goodwin client, Pamplona Capital Management, in a financing transaction that significantly increased the company’s cash position and will provide the company with adequate capital to drive growth. 

As part of the transaction, the company raised approximately $135 million of new money from a majority group of its existing first lien lenders and consummated an uptier debt exchange of its existing $354 million USD first lien term loan and €179 million EUR first lien term loan with near-unanimous participation from the company’s existing first lien lenders into a new multi-tranche superpriority credit facility.  

The cross-border deal included practitioners in the U.S., Germany, the Netherlands and Hong Kong, and was negotiated, documented and consummated in eight days after finalizing terms.

The team was led by Nick Caro, Andrew Cheng, Liz Kates, Anne Bandes, Oliver Schauman, Caroline Tompkins, Jeff Feldmann and Sarah Mackin in the U.S. (Debt), Anke Johann, Kira Mueller and Anna Zoth in Germany (Debt), Steve Howard and Dora Cheung in Hong Kong (Debt), Chris Dwyer and Kourosh Azin (Corporate), Romina Weiss (U.S. tax), Felix Krueger (German tax) and Rob Lemons and Artem Skorostensky (Financial Restructuring).

For additional details on the financing, please read the press release