Milbank Advises Initial Purchasers on €250M High Yield Bond Offering by Schoeller Packaging

Milbank LLP advised the initial purchasers in connection with the high yield offering of €250 million senior secured notes due 2024 and a new revolving credit facility by Schoeller Packaging B.V., the direct parent of Schoeller Allibert Group B.V.

Schoeller Allibert, a Brookfield portfolio company, has been inventing, developing, designing and manufacturing Returnable Transit Packaging (RTP) for more than 50 years and is the European market leader focused on sustainability with operations worldwide. This is the debut issuance since Brookfield’s acquisition of Schoeller Allibert.

The Milbank team was led by European Leveraged Finance/Capital Markets partners Apostolos Gkoutzinis and Alexandra Grant working closely with special counsel Trevor Truman and associates Lauren Obee, Bernardo Zang, Andrea Sorace and Henry Madell.