White & Case advises initial purchasers on notes offering as part of US$2.02 Billion financing for Clayton, Dubilier & Rice’s acquisition of Shearer’s Foods

Global law firm White & Case LLP has advised the initial purchaser banks, led by UBS Securities LLC and Deutsche Bank Securities Inc., on the issuance by Fiesta Purchaser, Inc. of US$500 million aggregate principal amount of its 7.875% Senior Secured Notes due 2031.

The proceeds from the offering were used, together with the proceeds of a concurrent term loan facility, to finance Clayton, Dubilier & Rice’s acquisition of Shearer’s Foods, a leading supplier of private label and contract manufactured salty snacks and cookies & crackers in North America.

The White & Case team for the notes offering was led by Capital Markets partner Andrew Weisberg, and included Capital Markets counsel Abigail Simon, and associates Elizabeth Mapelli and Chandler Hartman; and Tax partner David Dreier and associate Grayson Weeks (all in New York). Law clerk Mazin Elhag also assisted on the matter.

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