Menu

Paul Hastings Advises RBC Capital Markets in a $350 Million Financing for LBC Tank Terminals Holdings Netherlands B.V.

May 17, 2013

New York, NY- Paul Hastings, a leading global law firm, announced today that the firm represented RBC Capital Markets, LLC, BNP Paribas, Credit Agricole Corporate and Investment Banking, DNB Markets, Inc. and ING Bank N.V., London Branch as initial purchasers in connection with the Rule 144a/Reg S offering of $350 million of 6.875% senior notes due 2023 by LBC Tank Terminals Holdings Netherlands B.V., a Dutch private company and one of the world's largest global operators of bulk liquid storage facilities for chemical and oil products. Proceeds from the offering were used to refinance existing debt. The Notes are guaranteed on a senior basis by LBC’s subsidiaries in a multitude of jurisdictions.

The financing also included a separate $396 million senior secured credit facility.

To complete the offering, Paul Hastings lawyers worked with local counsel in several jurisdictions, which included The Netherlands, Belgium, France, Malta, Singapore, Spain and the United States.

Leveraged Finance partners William Schwitter and Joel Simon led the Paul Hastings team, which included Leveraged Finance partners Dr. Karl Balz and Michael Baker, and associates Melissa Muscat, Paul Henesy, Valerie Silverman, and Mitchell Zuckerman.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.