Debevoise Advised Artera in Its $2 Billion Comprehensive Refinancing

15 February 2024

Debevoise & Plimpton LLP has advised Artera Services, LLC and Clayton, Dubilier & Rice, in connection with the $2 billion refinancing of Artera’s existing debt facilities. The refinancing included an offering of $600 million of senior secured first priority notes, a $930 million first lien term loan facility, a $300 million first lien PIK term loan facility and a $211 million first lien revolving facility.

The Debevoise team was led by finance partner Brett Novick and capital markets partners Eric Juergens and Peter Loughran and included finance partner Scott Selinger and associates Missy Aja, Nicola Hill, Max Lovrin, Zachary Pollack and Matthew Sacco, capital markets associates Jason Auman and Kelly Donoghue and law clerks Joseph Mattis and Nicholas Vota, tax partner Michael Bolotin and associates Samuel Krawiecz and Elliott Tuchman, M&A partner Kevin Schmidt, counsel Benjamin Collins-Wood and associates Jennifer Lang and Sam Lee, and employee benefits and executive compensation partner Jonathan Lewis and counsel Douglas Hirn.