Latham & Watkins advises initial purchasers in Rubis Terminal’s €150 million add-on senior secured notes offering

Rubis Terminal Infra SAS, a holding company of Rubis Terminal, a leading independent storage provider specializing in the storage and handling of bulk liquid products and commodities, issued €150 million in aggregate principal amount of its 5.625% Senior Secured Notes due 2025 on October 29, 2020. The proceeds of the offering were used as part of the financing of the group’s acquisition of Terminales Portuarias, S.L., a leading independent chemical storage provider in Spain, on the same date. The new notes have the same terms as, and constitute a single class of debt securities with, the issuer’s existing €410 million in aggregate principal amount of 5.625% Senior Secured Notes due 2025 issued on May 19, 2020.

Latham & Watkins advised J.P. Morgan and Crédit Agricole as initial purchasers in connection with the offering, with a Paris-based capital markets team led by Thomas Margenet-Baudry, partner, with Michael Ettannani, counsel, and Pierre Brûlé, associate, and a Paris-based finance team led by Xavier Farde, partner, with associates Aurélie Buchinet and Virginie Terzic.