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Latham & Watkins Advises the Initial Purchasers in Superior Plus LP’s US$600 Million Senior Notes Offering

March 2, 2021
A Houston-based team advised the initial purchasers in the upsized offering.

Superior Plus Corp. (TSX: SPB) has announced the pricing of the previously announced private offering by its wholly-owned subsidiaries, Superior Plus LP and Superior General Partner Inc., of US$600 million aggregate principal amount of senior unsecured notes due March 15, 2029. The size of the offering reflects an increase of US$100 million from the previously announced offering size of US$500 million. The notes will bear interest at a rate of 4.5% per annum.

Latham & Watkins LLP represents the initial purchasers in the offering with a deal team led by Houston corporate partners Michael Chambers and David Miller and Houston corporate associate Monica White, with assistance from Houston associates Denny Lee, Drew West, Sarah Dunn, and Dylan Carroll. Advice was also provided on tax matters by Houston partner Tim Fenn, with Houston associates Michael Rowe and Chelsea Muñoz-Patchen; and on environmental matters by Los Angeles counsel Joshua Marnitz.