Harneys recently advised Reynolds Group Holdings Limited, formerly known as Rank Group Holdings Limited, in connection with the BVI elements of a leveraged acquisition of the Reynolds Consumer Products group of companies and the Closure Systems International group of companies from affiliated entities. Financing arrangements for the acquisition included the issuance of US$1.125 billion and €450 million of senior secured notes and $1.035 billion and €250 million of borrowings under a senior secured credit agreement.

 

Indira Birkwood of Harneys’ London office advised Reynolds Group via Debevoise & Plimpton LLP. Other parties involved were Clifford Chance LLP, Freshfields Bruckhaus Deringer LLP, Cravath, Swaine & Moore LLP, Walkers and Conyers Dill & Pearman.

 

The deal closed in November 2009.