Grupo Antolin Completes €600 Million Financing
06.26.15
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Simpson Thacher represented Grupo Antolin in connection with a high yield offering of €400 million aggregate principal amount of its 5.125% Senior Secured Notes due 2022 and the amendment and restatement of its existing Facilities Agreement to permit additional aggregate commitments of €200 million. The proceeds will be used by Grupo Antolin to finance the acquisition of the interiors automotive business of Magna International Inc.
Grupo Antolin is a leading player in the design, development, manufacturing and supply of automotive interior components, with more than 125 manufacturing plants and just-in-time assembly and sequencing facilities in 24 countries worldwide.
The Simpson Thacher team included Federico Fruhbeck, Adam Wollstein, Cristina Gracia and Rita Soares (Capital Markets); Euan Gorrie, Kazik Michalski and Nicholas Brocklebank (Credit); and Meredith Jones and David Holmberg (Tax).