Schenck Process Completes €75 Million Senior Secured Notes Offering
12.23.20
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Simpson Thacher represented Platin 1426. GmbH (“Issuer”), the direct parent of Schenck Process Holding GmbH (together with the Issuer and its other subsidiaries, “Schenck Process”), in connection with its Regulation S private placement of €75 million in aggregate principal amount of 6.875% Senior Secured Notes due 2023 (“Additional Notes”). The private placement closed on December 22, 2020. The Additional Notes constitute a further issuance of the Issuer’s 6.875% Senior Secured Notes due 2023 issued on August 3, 2018.
Schenck Process, a Blackstone portfolio company, is a leading global provider of mission critical equipment and solutions to diverse end-markets, including food, mining, chemicals and plastics, and infrastructure and energy. Schenck Process operates across three geographic regions: the Americas (North and South America), APAC (Asia and Oceania) and EMEA (Europe, the Middle East and Africa).
The Simpson Thacher team included Gil Strauss, Srishti Gupta and Surya Bala (Capital Markets); and Meredith Jones and Gal Shemer (Tax).