Kirkland & Ellis International LLP represented Orion Engineered Carbons Finance & Co. S.C.A., a subsidiary of Kinove Luxembourg Holdings 1 S.à r.l., in its offering of $425.0 million aggregate principal amount of PIK toggle notes due 2019. Kinove Luxembourg Holdings 1 S.à r.l. is the parent company of Orion Engineered Carbons GmbH and is controlled by Rhône Capital, Triton and certain co-investors. The transaction closed on February 1, 2013. The net proceeds of the offering were used to fund a cash distribution to the company's shareholders and for general corporate purposes.
The Kirkland & Ellis team that advised on the offering included London-based partners Ward McKimm, Neel Sachdev, Cedric Van den Borren and Justin Hutchinson, and associates Paul Beck and Harriet Loos.
Headquartered in Germany, Orion Engineered Carbons is a leading global producer of carbon black, a powdery form of carbon that is customized to impart certain physical, electrical and optical properties of various materials.
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