Latham Advises Platinum Equity and Urbaser on €2.7 Billion Financing

Latham & Watkins has advised Platinum Equity and its portfolio company Urbaser, a world leader in environmental solutions, on its €2.7 billion refinancing and dividend recapitalization.

The financing included the offering of €800 million 5½% senior secured notes due 2032, €1.5 billion term loan B facility, and a revolving credit facility in aggregate principal amount of up to €400 million (which remained undrawn on the issue date) under a senior facilities agreement.

The Latham team was led by London corporate partner Matthew Schneider and Madrid partner Ignacio Pallarés, with counsel Luis Lozano and London associates Alexander Kartyshev, Elizabeth Boulos, Justine DeSilva, and Madrid associate Marino Aineto. Advice was provided on finance matters by London partners Dominic Newcomb and Hendrik Smit and Madrid partner Fernando Colomina, with London associates Julie Van der Meersche, Avtar Rai, and Lucas Adomeit, and Madrid associate Jaime Grau; on tax matters by Madrid partners Naiara Rodríguez-Escudero and Jordi Domínguez, with counsel Blanca Vázquez de Castro; on US tax matters by Chicago partner Rene de Vera and New York partner Bora Bozkurt; and on litigation matters by Madrid partner José María Alonso, with associate Telmo Iriondo.