Press Release

Kirkland & Ellis Advises Orion Engineered Carbons on its $425.0 Million High-Yield Offering of PIK Toggle Notes

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.

Kirkland & Ellis LLP is a 1,600-attorney law firm representing global clients in complex corporate, secured lending, capital markets, tax, restructuring, litigation and dispute resolution/arbitration, and intellectual property and technology matters. The Firm has offices in London, Chicago, Hong Kong, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.