Investindustrial

Guala Closures issues EUR 1bn of senior secured notes due 2033 to refinance debt

Guala Closures, the Italian closures maker owned by Investindustrial, has completed a EUR 1bn issuance of senior secured floating rate notes due 2033, with proceeds used to refinance existing debt. The company also amended and restated its EUR 175m revolving credit facility in parallel.

Why this mattersExtends Guala Closures' main debt maturities to 2033 and refreshes its EUR 175m revolver, easing refinancing pressure at the Investindustrial-owned closures maker.

• Guala Closures issued EUR 1bn of senior secured floating rate notes maturing in 2033.
• The company amended and restated its existing EUR 175m revolving credit facility.
• Proceeds from the notes were used to refinance existing indebtedness.
• Guala Closures is a portfolio company of private equity firm Investindustrial.
• Paul, Weiss advised Guala Closures on the transaction.
• The company makes closures for the beverage, spirits, wine and pharmaceutical sectors.

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