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Kinstellar and Bulboaca & Asociatii Advise on Canpack USD 800 Million Bond Issuance

Kinstellar and Bulboaca & Asociatii Advise on Canpack USD 800 Million Bond Issuance

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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.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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