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Barclays Leads $1.9 Billion Dividend Recapitalization Financing for KIK Consumer Products and Centerbridge Partners

December 22, 2020

New York – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Barclays as sole book runner and sole lead arranger in connection with two senior notes offerings by Kronos Acquisition Holdings Inc. (KIK) totaling $1 billion and a new $900 million senior secured term loan. KIK is one of America's largest independent manufacturers of consumer products for household, pool, and auto categories.

The team at Paul Hastings was led by John CobbMarisa Sotomayor, and Katherine Bell, and included of counsels James Shea and Danny Choi, and Seth Chandler, and associates Stephanie AnCarlos RuizAndro AtlagaStephen PerryAndres LoeraPhillip Chang, Tess Peterson, and Philip Cernera.

The Paul Hastings Leveraged Finance team consists of more than 100 lawyers focusing on key markets across Asia, Europe, Latin America, and the U.S. Our lawyers advise many of the largest and most sophisticated financial institutions around the world. The Leveraged Finance team recently advised on several high-profile financing deals, including a $1.05 billion term loan facility for Xperi Holding Corporation in connection with the merger of Xperi and TiVo, a $1.8 billion recapitalization for Revlon, a $500 million offering of senior notes by The Providence Service Corporation, and a $700 million offering of senior secured notes by Prime Healthcare Services.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms

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