Latham Advises Institutional Investors on Kapla Holding’s €200 Million Private Placement

Latham & Watkins has advised the institutional investors in relation to the €200 million private placement tap of Kapla Holding’s existing 5% Senior Secured Notes due 2031. Kapla Holding is the holding company of the equipment rental company Kiloutou, one of the leading European equipment rental players.

The proceeds of the private placement are expected to be used (i) to refinance in full the Kapla Holding’s €49 million aggregate principal amount of its stimulus bonds due November 25, 2030; (ii) to refinance in full recent acquisitions, (iii) for general corporate purposes, which may include short-term M&A pipeline and/or partial refinancing of convertible bonds, and (iv) to pay certain fees, costs and expenses in connection with the issuance of the notes.

The Latham team was led by Paris Capital Markets partner Roberto Reyes Gaskin, with associate Hana Ladhari. Advice was also provided on banking matters by Paris partner Xavier Farde, with associates Virginie Terzic and Bruna Neiva Cardante.