H.B. Fuller Company $2.105 Billion Acquisition Financing and $400 Million Backstop Revolving Facility Commitment

Davis Polk is advising the lead arranger and bookrunner of a $2.105 billion senior unsecured 364-day bridge facility for H.B. Fuller Company in connection with HB Fuller’s proposed acquisition of ASP Royal Acquisition Corp.

In addition, Davis Polk is advising the lead arranger and bookrunner for an amendment to H.B. Fuller’s existing $400 million senior unsecured revolving credit facility in order to, among other things, permit the financing in connection with the ASP Royal acquisition. The lead arranger has also committed to provide H.B. Fuller with a replacement revolving facility in the event such amendment is unsuccessful.

H.B. Fuller is a Minnesota-based leading global adhesives provider focusing on perfecting adhesives, sealants, paints and other specialty chemicals to improve products and lives.

ASP Royal is headquartered in Indiana, and is a leading global manufacturer and marketer of high performance adhesives, sealants, encapsulants and polymer coatings used in a variety of markets including aerospace and defense, automotive, recreational vehicle, bus, truck and trailer, rail, marine, insulated glass, solar, wind, assembly, electrical, electronics, filter, printing, packaging, laminating, roofing and flooring.

The Davis Polk credit team includes partner Jinsoo H. Kim and associate Christopher Nairn. The capital markets team includes partner Byron B. Rooney and associates Marisa T. Kirio and Joshua S. Sills. All members of the Davis Polk team are based in the New York office. 

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