14 December 2023

De Brauw advises Strategic Value Partners on recapitalization and refinancing of Schoeller Industries

+ 5 other team members

De Brauw advised Strategic Value Partners on the refinancing and recapitalisation of the Schoeller Allibert Group, a Brookfield portfolio company and European market leader of returnable industrial plastic packaging solutions.

The transaction included a €125 million five-year senior secured term loan from Strategic Value Partners and a 4.5 year extension of the group’s existing super senior revolving credit facility, combined with a €154 million equity investment from Brookfield. The proceeds will be used to refinance the group’s €250 million senior secured notes due November 2024 and provide additional capital to the Group for general corporate and strategic purposes.

The transaction was completed on 7 December 2023 and was implemented on a consensual basis, following the withdrawal by Schoeller Industries of Dutch WHOA proceedings commenced in October 2023.