Latham Advises the Banks in Connection With Kapla Holding’s Dual Tranche Issue of €800 Million Senior Secured Notes

Kapla Holding, the holding company of the equipment rental company Kiloutou, one of the leading European equipment rental players, has issued €800 million of Senior Secured Notes comprising €350 million in 5.125% Senior Secured Notes due 2032 and €450 million in Senior Secured Floating Rate Notes due 2033.

Kapla Holding used the net proceeds of the offering, together with cash on balance sheet, were used to (i) repay the group’s Senior Secured Floating Rate Notes due 2030 in full and (ii) pay certain fees, costs, and expenses in connection with the transactions.

The Latham team was led from Paris by Capital Markets partner Roberto Reyes Gaskin, with associates Jackie Yonover, Chiara Coppotelli, Hana Ladhari, and Julien Zeitoun. Advice was also provided on finance matters by Paris partner Xavier Farde, with counsel Virginie Terzic and associate Bruna Neiva Cardante.