SPCM SA’s $700 Million Senior Notes Offering

In UK Milbank LLP, advised on the matter.

Milbank LLP advised SPCM SA with a team including Timothy Peterson (Picture – Debt Capital Markets).

SPCM SA, the holding company for SNF Group, announced its issuance of $350 million 3.125% Senior Notes due 2027 and $350 million 3.375% Senior Notes due 2030.

SNF Group is the world’s largest producer by revenue and volume of polyacrylamide (PAM), a water soluble specialty chemical used in water treatment, oil and gas applications, mineral extraction, pulp and paper manufacturing and other industries.

Proceeds from the new issuance were used to redeem the Issuer’s existing $500 million Senior Notes due 2025, to fund cash to the Issuer’s balance sheet for general corporate purposes, and to pay fees and expenses.

BofA Securities and BNP Paribas acted as joint physical bookrunners, and Crédit Agricole CIB, Natixis and Société Générale were co-managers.

The Milbank team was led by European Leveraged Finance/Capital Markets partner Tim Peterson (Picture), with associates Varun Natteri Mangadu and Lefteris Dafermos. The team also included New York Tax associate Benjamin Heller and paralegal Panos Maniatis.

Involved fees earner: Lefteris Dafermos – Milbank LLP; Benjamin Heller – Milbank LLP; Varun Natteri Mangadu – Milbank LLP; Timothy Peterson – Milbank LLP;

Law Firms: Milbank LLP;

Clients: SPCM SA;

Author: Giulia Di Palma