Clifford Chance

Clifford Chance US advises Sealed Air on financing matters related to the US$3.2 billion sale of Diversey Care to Bain Capital

Clifford Chance US advised Sealed Air Corporation on the financing aspects of the US$3.2 billion sale of its Diversey Care business and related businesses to Bain Capital.

The Firm assisted with the amendment of all of Sealed Air's significant finance facilities, including its senior secured syndicated term and revolving credit facilities, an accounts receivable facility and a letter of credit facility. Clifford Chance also advised the company on its publicly issued senior notes and coordinated related matters involving local law across six countries: Australia, Brazil, Canada, Germany, Luxembourg, Mexico, The Netherlands and the UK.

New York Banking & Finance partner Jay Gavigan led on the transaction for Clifford Chance and was assisted by US associates John McManmon, Rebecca Isaacs and Koeun Lee and law clerk Jennifer Seipelt.

The cross-border team comprised attorneys from six of the Firm's global offices, including: partner Jelle Hofland and associate Victor ten Have (Amsterdam); senior associate Isabel van Bremen (Dusseldorf); lawyer Leonie Campbell-King (London); senior associate Zornitsa Dimitrova (Luxembourg); transaction lawyer Silvia Lengauer (Munich); and associate Mukesh Rajalingam (Sydney).