Slaughter and May is advising Coats Group Plc on a USD 250,000,000 facility agreement to finance its acquisition of Texon International Group Ltd

Slaughter and May is advising Coats Group plc, the world’s leading industrial thread manufacturer, on a USD 250,000,000 term loan facility agreement (the “Facility Agreement”) in relation to its acquisition of Texon International Group Ltd, a global leader in premium structural components and materials for the footwear, accessories and apparel industries. The acquisition will be fully funded by the proceeds of the Facility Agreement.