Slaughter and May is advising DS Smith Plc on the debt financing in relation to the acquisition of Interstate Resources

Slaughter and May is advising DS Smith Plc, the leading provider of corrugated packaging in Europe and of specialist plastic packaging worldwide, on the debt financing aspects of its proposed US$920 million acquisition of Interstate Resources, a family-owned integrated packaging and paper producer concentrated on the East Coast of the United States. The acquisition will be financed in part by a £400 million bridge facility with Citigroup Global Markets Limited and J.P. Morgan Securities plc as bookrunners and mandated lead arrangers, Citibank N.A., London Branch and JPMorgan Chase Bank, N.A., London Branch as original lenders and Citibank Europe Plc, UK Branch as agent.

Oliver Storey Partner