Trivium Packaging is a Netherlands-based global leader in sustainable metal packaging, serving over 800 customers in more than 70 countries. The company operates 57 facilities across 19 countries and employs around 7,400 people, with annual revenues of approximately USD 2.9 billion.
The refinancing included a complex capital structure comprising:
- EUR 900 million Term Loan B maturing in 2030
- EUR 700 million Senior First Lien Secured Notes due 2030 (6.625%)
- USD 600 million Senior First Lien Secured Notes due 2030 (8.25%)
- USD 600 million Senior Second Lien Secured Notes due 2031 (12.25%)
- USD 330 million Asset-Based Lending Facility
“This complex cross-border transaction required seamless coordination between our New York and Amsterdam offices and close collaboration across our Finance and Capital Markets groups. Our integrated team was able to provide 24/7 support to ensure smooth execution.”
The advisory team further consisted of:
Finance: Elizabeth van Schilfgaarde, Boudewijn Smit, Camille van Liebergen, Ashley Fleming, Beike Baaijens, Bente Jansen
Capital Markets: Antonia Netiv, Petra Zijp, Brenno Baas, Lentle Nijs, Laura van Weeren
Notarial: Kees Koetsier, Marloes van der Laan
Tax: Nina Kielman, Niels van Ham
NautaDutilh worked alongside White & Case LLP, who acted as US and UK counsel to the syndicate of investment banks.