Debevoise Advised CD&R in the Financing Aspects of Its $2.6 Billion Acquisition of Veritiv Corporation

5 December 2023

Debevoise & Plimpton LLP has advised CD&R, and its indirect subsidiary Verde Purchaser, in connection with $2.125 billion of financing of CD&R’s $2.6 billion acquisition of Veritiv Corporation LLC (NYSE: VRTV). The financing included an offering of $700 million of senior secured notes, a $600 million in Term Loan B and $825 million asset based loan. For more information, please see the company’s press release.

Veritiv Corporation is a full-service provider of packaging, JanSan and hygiene products, services and solutions.

The Debevoise team was led by finance partner Scott Selinger and capital markets partner Steven Slutzky and included finance partner Brett Novick, counsel Zahra Sowder, associates Yae Rin KimXiuna LinMarta Poplawski and Matthew Sacco and law clerk Elizabeth Aiken, and capital markets counsel Joshua Samit and associates Chris Duff, Christopher Johnson, Jordana Palgon and Samuel Siegel.