Paul Hastings Advises Banks on Financing KKR’s $1.1 Billion Acquisition of Goodpack Limited

October 31, 2014

New York, NY- Paul Hastings LLP, a leading global law firm, represented the banks in the financing for IBC Capital Limited’s acquisition of Goodpack Limited, a Singapore publicly-listed company and affiliate of, leading global investment firm, KKR.

The firm represented Morgan Stanley Senior Funding, Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, Mizuho Bank, Ltd., DBS Bank Ltd., Natixis, New York Branch, Natixis Singapore Branch, Macquarie Capital (USA) Inc. and KKR Capital Markets LLC, as joint lead arrangers and bookrunners, Oversea-Chinese Banking Corporation Limited as sole arranger for the revolving facility and standalone letter of credit facility, Morgan Stanley Senior Funding, Inc. as first lien administrative agent and Credit Suisse AG, Cayman Islands Branch as second lien administrative agent. The financing consisted of a $520 million first lien term loan facility, a $85.5 million first lien revolving facility, a $13.5 million first lien stand-alone letter of credit facility, and a $170 million second lien term loan facility.

Goodpack owns and operates the world’s largest fleet of steel IBCs (Intermediate Bulk Containers), a multi-modal, reusable metal box system that provides packaging, transporting and storage for global core industries.

Leveraged Finance partners Mike Michetti, Michele Cohen, Michael Baker and Brett King led the Paul Hastings team, which also included associates Shekhar Kumar, Seth Chandler, Katherine Forer, and Natasha Chua Tan.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.