Linklaters advises Maxam (a portfolio company of Rhône Group) on its refinancing and dividend recapitalization

Linklaters advised Maxam (a portfolio company of Rhône Group) on its debut €1.215 billion high yield issuance (comprising €790 million and $500 million senior secured notes due 2030) and €175 million revolving credit facility.

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 included US associates Dami Banire and Juan Diego Tibaduiza.

The Linklaters banking team was led by London partner Tom Waller, supported by associate Millie Bidwill.

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

A cross-border tax team, consisting of partner Joakim-Antoine Charvet, counsel Omer Harel, senior associate Nina Hrushko and associate Gaëtan Molina advised on Luxembourg and US tax matters.