The company issued new senior notes due 2030

Davis Polk advised the dealer managers and consent solicitation agents in connection with the offers by Park River Holdings, Inc. to exchange 5.625% senior notes due 2029 and 6.750% senior notes due 2029 for new 8.750% second lien secured notes due 2030.

The notes are unconditionally guaranteed by the subsidiary guarantors of Park River Holdings, Inc. We also advised the dealer managers and solicitation agents with respect to the related solicitation of consents from the holders of the existing notes to amend the indentures governing such notes.

Park River Holdings, Inc. is the parent company of PrimeSource Brands, an industry-leading provider of branded specialty building products and hardware in North America. PrimeSource Brands’ product offering spans thousands of stock-keeping units organized under four main product categories: fasteners; building materials; kitchen and bathroom; and outdoor living.

The Davis Polk corporate team included partner Marcel Fausten, counsel Christopher H. Van Buren and associates Jenny (Jingjing) Li and Jared Madnick. The finance team included partner Christopher Nairn-Kim and associates Matthew Vallade and Owen Daly. Partner Frank Azzopardi provided intellectual property advice. Partner David H. Schnabel provided tax advice. Counsel Loyti Cheng provided environmental advice. Members of the Davis Polk team are based in the New York and Northern California offices.

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