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Milbank LLP has advised SNF Group (as "Issuer"), in connection with its issuance of $750 million 5.626% senior notes due 2031.
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 2027, to 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 and BofA Securities acted as joint global coordinators and joint bookrunners.
The Milbank team was led by European Leveraged Finance/Capital Markets partner Trevor Truman, with associates Alexia Pimbli and Manel Mostefaoui. The team also had assistance from New York Tax partner Eschi Rahimi-Laridjani and associate Michelle Song.
