Kinstellar, working with Linklaters, has advised a consortium of banks on the Romanian law aspects of an USD 800 million joint high-yield bond issuance by Canpack Poland and Canpack US. Bulboaca & Asociatii advised Canpack on Romanian law. Morgan Lewis reportedly advised the lenders on English law. Latham & Watkins reportedly acted as international counsel for the issuers.
The banking consortium included Citigroup Global Markets Europe, HSBC Bank, ING Bank, BNP Paribas, CaixaBank, and PKO Bank Polski.
According to Kinstellar, the funds generated by the high-yield bonds are to be used for general corporate purposes and for establishing a new manufacturing plant.
Canpack is a global manufacturer of aluminum cans, glass containers, and metal closures for the food and chemical industries, operating in 95 countries worldwide.
The Kinstellar team was led by Partner Zsuzsa Csiki and included Senior Associate Razvan Constantinescu and Associate Cosmin Vasilescu.
The Bulboaca & Asociatii team was led by Partner Adrian Bulboaca and included Senior Associate Paula Cringanu-Filip and Associates Ana Adascalitei and Ioana Barbu.