Linklaters advises Maxam (a portfolio company of Rhône Group) on an issuance of €180 million additional HY bonds 

Linklaters advised Maxam (a portfolio company of Rhône Group) on its issuance of €180 million additional HY bonds, the proceeds of which (together with approximately €70 million cash on balance sheet) are expected to be used to fund an approximately €250 million dividend to shareholders. This transaction follows on from Maxam’s inaugural €1.2 billion HY bond issuance in July 2025.

Maxam is a global civil explosives company with strong market positions in Europe, Latin America, Africa and Central Asia, providing customized solutions to clients’ needs, backed by over 150 years of experience in the design, development, manufacture and application of civil explosives.

The Linklaters high yield team was led by partner Alek Naidenov and supported by associate Dami Banire.

Luxembourg and Spanish support was provided by partners Melinda Perera and Jorge Alegre, supported by Laurent Benoit, Maëva N’Zogho and Jeronimo Poza.

A cross-border tax team, consisting of partner Joakim-Antoine Charvet, counsel Omer Harel, senior associate Allan Paul Talde and associate Gaëtan Molina advised on Luxembourg and U.S. tax matters.