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Latham Advises the Banks in Connection With the €200 Million Senior Secured Floating Rate Notes (High Yield) Issued by Kapla Holding

March 23, 2023
A multidisciplinary Paris team represented the banks in the transaction.

Kapla Holding, the holding company of the equipment rental company Kiloutou, has issued €200 million of senior secured floating rate notes (High Yield) due 2027. Latham & Watkins advised the banks on the US and French legal aspects of the issue.

Kapla Holding used the net proceeds of the bond offering to refinance the debt incurred for the acquisition of the GSV group, refinance its revolving credit facility, and for general corporate purposes. The acquisition of GSV, the market leader in Denmark, permits Kiloutou to take a further step in its international development by entering the Danish market.

The Latham team was led from Paris by capital markets partner Roberto Reyes Gaskin with associate Laurie Tomassian. Advice was provided on financing matters by partners Xavier Farde and Carla-Sophie Imperadeiro with associates Virginie Terzic and Bruna Neiva Cardante; and on tax matters by partner Xavier Renard with associate Alexis Caminel.