KKR €3.9 billion Refresco acquisition financing
We advised the agent, lead arrangers and lenders on the financing
Davis Polk advised the lead arrangers and joint bookrunners with respect to the financing package for KKR’s acquisition of Refresco Group B.V. The €3.9 billion financing consisted of a senior secured term loan facility comprising a $1.61 billion tranche, a €1.53 billion tranche and a £290 million tranche and a €500 million senior secured revolving facility.
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds.
Refresco is a global independent beverage solutions provider for retailers and branded beverage companies with pan-regional coverage in Europe and North America through its network of bottling, warehousing, logistics and other operational assets. The company’s production platform includes over 70 majority-owned manufacturing sites in Europe, the United States, Canada and Mexico.
The Davis Polk finance team included partners Meyer C. Dworkin and Nick Benham, counsel Benjamin Cheng and Aaron Ferner, and associates Joshua Bunn, Mario Babic, Claudia Herron, Esam Ibrahim, Matthew Vallade, Rachel Jang and Racquel Adzima. Members of the Davis Polk team are based in the New York and London offices.