We advised the administrative agent and lead arrangers on the financing

Davis Polk advised the administrative agent, left lead arranger and initial lenders in connection with the refinancing of the debt facilities of Shrieve Chemical Company. The refinancing will be used to consummate the acquisition of Shrieve by a Gemspring Capital continuation vehicle and for general corporate purposes. 

Shrieve is a leading, value-added chemicals distributor serving attractive markets and end-use applications globally. Through its four operating segments – chemical distribution, specialty lubricants and enhancers, energy products and services, and custom packaging – Shrieve markets nearly 1,500 products across more than 40 countries.

Gemspring Capital is a Westport, Connecticut-based private equity firm with $3.5 billion of capital under management that provides flexible capital solutions to middle market companies.

The Davis Polk finance team included partner Zachary R. Frimet and associates Sam Dilthey and Meredith (Sijia) Liu. The tax team included partner Patrick E. Sigmon and associates Charles Collier and Michael Mirabella. Counsel Michael Comstock provided environmental advice.

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