Kinstellar has advised a consortium of banks including Citigroup Global Markets Europe AG, HSBC Bank plc, ING Bank N.V., BNP Paribas, CaixaBank S.A. and Powszechna Kasa Oszczednosci Bank Polski S.A. on the Romanian law aspects of the issuance of US$800 million high-yield bonds by CANPACK S.A. and CANPACK US LLC.
This is the second high-yield bond offering after we have previously advised the consortium of banks on a US$400 million and €600 million notes offering in October 2020. Kinstellar acted together with Linklaters on both mandates.
CANPACK is a leading global manufacturer of high-quality aluminum cans, glass containers and metal closures for the food and chemical industries, serving customers in 95 countries worldwide.
The funds generated by the high-yield bonds are to be used for general corporate purposes including establishing a new plant facility.
Kinstellar team was led by Zsuzsa Csiki, Partner, and included Senior Associate Răzvan Constantinescu and Associate Cosmin Vasilescu.