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Milbank LLP has advised SNF Group (as "Issuer"), in connection with its issuance of €550 million 4.5% senior notes due 2032.
SNF Group is the world’s largest producer by revenue and volume of polyacrylamide (PAM), a water-soluble specialty chemical used in water treatment, oil and gas applications, mineral extraction, pulp and paper manufacturing, and other industries.
Proceeds from the new issuance were used to redeem the Issuer's existing €350 million senior notes due 2026, repay amounts outstanding under the Issuer’s revolving credit facility, to fund cash to the Issuer’s balance sheet for general corporate purposes, and to pay fees and expenses. BNP Paribas acted as sole physical bookrunners.
The Milbank team was led by European Leveraged Finance/Capital Markets partners Tim Peterson and Trevor Truman, with special counsel Varun Natteri Mangadu and associate Matteo Bonacina. The team also had assistance from New York Tax partner Eschi Rahimi-Laridjani and associate Michelle Song.
