09/26/2025 | News release | Distributed by Public on 09/26/2025 08:39
September 26, 2025
Willkieadvised sponsor Platinum Equity and its portfolio company Solenis on the offeringof $1.58 billion 7.250% senior secured notes due 2033 and €830 million 6.125% senior secured notes due 2033. The net proceedsfrom the sale of the notes will be used to repay Solenis' 9.750% USD senior secured notes and 9.625% EUR senior secured notes due 2028.
BofA Securities, Inc. acted as representative on behalf of each of the initial purchasers of the USD notes and Merrill Lynch International as representative of each of the initial purchasers of the EUR notes in connection with the offering.
Solenis is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries, including consumer, industrial, institutional, food and beverage, and pool and spa water markets.
Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world.
The Willkie bond team was led by partners Jennifer Tait and David Griffiths in London in coordination with partner Cristopher Greer in New York, and included London associates Snaebjorn Olafsson, Diana Balassiano and Panos Maniatis and trainee solicitor Ellen Gribben.