Kirkland Advises R&R Ice Cream on €350 Million High Yield Offering and €60 Million Super Senior Revolving Credit Facility

Kirkland & Ellis International LLP acted as lead counsel to the R&R Ice Cream group in connection with R&R Ice Cream plc's €350 million senior secured bond offering and its €60 super senior revolving credit facility. Initial purchasers of the bond offering were Barclays Capital, Credit Suisse and HSBC, and mandated lead arrangers and lenders for the revolving credit facility were Barclays Capital, Credit Suisse and HSBC. The transactions closed on 5 November 2010.

Part of the proceeds of the senior secured bond offering were used to refinance the acquisition bridge facility provided by Barclays Capital and Credit Suisse as mandated lead arrangers and lenders for the acquisition of Rolland SAS in July 2010. The bond offering and the credit facility were both secured by assets of R&R and some of its subsidiaries across multiple jurisdictions.

A cross-border team from Kirkland's Chicago, London, Munich and New York offices advised R&R Ice Cream and led counsel in multiple jurisdictions. The team included partners William Burke, Kon Asimacopoulos, Volker Kullmann, Philip Crump, Leo Plank, Wolfgang Nardi, Ian Taplin and Anna Fallowfield.

R&R Ice Cream plc is the third largest ice cream manufacturer in Europe, with leading market shares in each of the UK, German and French ice cream markets.

Kirkland & Ellis is a 1,500-attorney law firm representing global clients in complex corporate and tax, restructuring, litigation and dispute resolution/arbitration, and intellectual property and technology matters. The Firm has offices in Chicago, Hong Kong, London, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.