Milbank’s London Leveraged Finance Team Advises Mandated Lead Arrangers in €1.4 Billion Repricing of Term Loan for Austria’s Constantia Flexibles

LONDON, 30 September 2016 – Milbank, Tweed, Hadley & McCloy LLP’s London-based Leveraged Finance Group continues to advise on large corporate and leveraged financings for some of Europe’s leading companies. In the latest transaction, Milbank advised a consortium of international investors in arranging and securing a €1.4 billion repricing of term loan B facilities by Austria’s Constantia Flexibles.

Headquartered in Vienna, Constantia Flexibles produces packaging and labelling for a wide range of industries, including food, pet, pharmaceutical and beverage products. With 55 production facilities around the world, Constantia is one of the world’s largest manufacturers of flexible packaging and labels.

Milbank attorneys led work on the repricing, amendment and upsizing of a covenant-lite cross-border loan facility.

Milbank’s deal team was led by Suhrud Mehta, head of the firm’s European Leveraged Finance Group and co-managing partner of the London office, along with senior associate Alexandra Schofield and associate Danielle Brown.