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Latham Advises on Refinancings in Connection With Blackstone’s Completed Acquisition of Copeland

February 8, 2024
Capital markets and banking teams represent initial purchasers in US$500 million and €230 million senior secured notes offerings and the lead arrangers in a US$1.5 billion term loan B repricing.

Latham & Watkins represented the initial purchasers in connection with an add-on offering by EMRLD Borrower LP and Emerald Co-Issuer Inc. (i.e., Copeland) of US$500 million of their 6.625% Senior Secured Notes due 2030 and €230 million of their 6.375% Senior Secured Notes due 2030, with a capital markets team led by partners Erika Weinberg and Andrew Baker, with associates Sara Johnson, Adam Picker, Vanessa Hillabrand, and Moriah Son.

Latham also represented the lead arrangers in connection with the repricing of the EMRLD Borrower LP term loan B facility in a post-transaction amount of US$1.5 billion (following a partial repayment with the proceeds of the Senior Secured Notes), with a banking team led by partners Eugene Mazzaro and Victor Ludwig, with associates Ana Núñez Cárdenas and Jack Klein.