A&O Shearman represents Trivium Packaging B.V. in cross-border financing for USD2.93 billion

The transaction included U.S. dollar and euro-denominated First Lien Secured Notes, U.S. dollar-denominated Second Lien Secured Notes, a euro-denominated Term Loan B, and an asset- backed lending facility, along with factoring and hedging arrangements. This comprehensive financing package enhances Trivium Packaging’s financial flexibility and supports its growth across multiple jurisdictions, highlighting the firm’s expertise in managing complex, cross-border transactions.

“We are very pleased to advise Trivium in this highly sophisticated cross-border financing integrating our global teams. The transaction required intense coordination to provide seamless execution given the complexities across instruments, currencies, and jurisdictions,.” said Trevor Ingram, lead partner on the transaction.

Trivium is a leading supplier of innovative, rigid metal packaging solutions, serving over 800 customers across more than 70 countries. It operates 49 production facilities in 18 countries, employing approximately 7,400 employees and generating annual revenues of approximately USD3.0bn across its diversified portfolio.

The cross-practice team was led by partner Trevor Ingram, senior associate Eva Andronikou, and associates Silvia Montanya, Paridhi Srivastava, and Georges Haddad advising on the bond issuance; partner Sara Couling, counsel Andrew Cook, senior associate Woo Suk Hong, and associates Persis Bhalla and Callum Williams advising on the hedging, factoring and security implementation and partners Michael Steinberg and Gus Atiyah, associates John Chua, Ashley Shan, and Chandler White, and law clerks Aaron Pi and Jordan Tan advising on the new Term Loan B Facility and the Asset-Backed Revolving Credit Facility.