Practice Areas - Debt Capital Markets Law Firms and Lawyers
Deal Date: | 20-03-2012 | Practice Area: | Debt Capital Markets |
Deal Title: | Spectrum Brands Senior Notes Offering | Industry: | Electronic & Electrical Equipment |
Description: |
Davis Polk advised Credit Suisse Securities (USA) LLC, as representative of the several initial purchasers, on a Rule 144A/Regulation S offering by Spectrum Brands, Inc., of $300 million aggregate principal amount of its 6.75% senior notes due 2020. The notes are guaranteed by Spectrum Brands' immediate parent company and by certain of its subsidiaries. Davis Polk also advised Credit Suisse Securities (USA) LLC as dealer manager and solicitation agent of a concurrent tender offer and consent solicitation by Spectrum Brands to purchase any and all of its outstanding 12% senior subordinated notes due 2019. The tender offer was funded with the proceeds of the 2020 notes offering.
Headquartered in Madison, Wisconsin, Spectrum Brands is a diversified global branded consumer products company with positions in seven major product categories: consumer batteries, pet supplies, home and garden control products, electric shaving and grooming products, small appliances, electric personal care products and portable lighting.
The Davis Polk capital markets team included partner Michael Kaplan and associates Alain Kuyumjian and Britton M. Sellers. Partner Samuel Dimon and associate Yuliya Epifantseva provided tax advice. Counsel Hayden S. Baker and associate Amy E. Turner provided environmental advice. Partner Jeffrey P. Crandall provided ERISA advice. Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
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Financial Center: | New York | Value: | 100.01-500.00 |
Advised Party: | Underwriter | Law Firm | Davis Polk |
Issuer Jurisdiction | United States | Listing Jurisdiction | United States |
Classification: |
Corporate Bonds Senior Debt |
Lawyer | Michael Kaplan |