We advised the lenders and initial purchasers on the financing

Davis Polk advised the lenders and initial purchasers in connection with the refinancing of Constantia Flexibles, a portfolio company of One Rock Capital Partners. The financing consisted of a €1.4 billion senior secured term loan B facility, a €500 million Rule 144A/Regulation S offering of senior secured notes and a €305 million senior secured revolving credit facility.

Constantia Flexibles is one of the global leaders in flexible packaging. Taken private and delisted from the Vienna Stock Exchange, the company executed a subsequent take-private add-on acquisition in March 2025 by purchasing and delisting Aluflexpack AG from the SIX Swiss Exchange. Constantia Flexibles operates 36 sites across 18 countries, employing over 8,000 people.

One Rock Capital Partners is a New York-based private equity firm with over $10 billion of cumulative capital commitments.

The Davis Polk corporate team was led by partners Nick Benham and Reuven B. Young and counsel Michael Taufner, and included partners Scott M. Herrig and Ruben N. Henriquez, counsel Phil Anscombe and associates Megha Mehrotra, Andrew Young, Jenelle L. Davis, Filippo Giacumbo, Emily (Yuhong) Su, Despoina Arslanidi and Linus Cathomas. Members of the Davis Polk team are based in the London and New York offices.

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