Latham & Watkins Advises Atotech in Refinancing of Senior Secured Credit Facilities

Cross-border team represented the specialty chemicals technology company in the refinancing.

March 26, 2021

Atotech Limited, a leading specialty chemicals technology company and a market leader in advanced electroplating solutions, has announced that it has closed on the refinancing of its senior secured credit facilities. In particular, five of its indirect wholly owned subsidiaries—Alpha 3 B.V., Alpha US BidCo, Inc., Atotech B.V., Atotech Deutschland GmbH, and Atotech Asia Pacific Limited successfully refinanced the Company’s existing senior secured credit facilities and entered into a new credit agreement. 

The Credit Agreement provides for a US dollar-denominated senior secured term loan facility in an initial aggregate principal amount of US$1.35 billion, a Euro-denominated senior secured term loan facility in an initial aggregate principal amount of €200 million, and a senior secured multi-currency revolving credit facility that provides for revolving loans, letters of credit and ancillary facilities in an aggregate principal amount of up to US$250 million.

Latham & Watkins LLP represented Atotech Limited in the refinancing with a finance team led by Washington, D.C. partner Jeffrey Chenard, with Washington, D.C. associates Jennifer Kent and Brian Howaniec, New York associate Kevin Schoonveld, and Washington, D.C. associate Thalia Garcia. Munich partner Christian Jahn, Hong Kong associate Jeffrey Wong, and Munich associates Thomas Freund and Philipp Guggeis also advised on finance matters. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with Washington, D.C. associate Eni Kassim; on IP matters by Washington, D.C. associate Morgan Brubaker; on FCPA matters by Washington, D.C. partner Eric Volkman; on ERISA matters by Washington, D.C. partner David Della Rocca, with Washington, D.C. associate Nikhil Kumar; and on environmental matters by Washington, D.C. partner James Barrett.

 
 
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