Santamarina y Steta, SC advises KDC/ONE on cross-border refinancing of $1.8 billion

Knowlton Development Corporation, Inc. (kdc/one), a global provider of value-added solutions for brands in the beauty, personal care and home care industries, obtained a US$1.8 billion multi-currency cross-border revolving credit facility. The facility was subsequently refinanced and increased in its dollar and euro commitments to creditors.

Santamarina and Steta, SC., led by partner Aaron Levet, associate Raziel Celis and supported by Gerardo Prieto, together with Davis Polk & Wardwell LLP as co-counsel and transaction leader, acted as external legal advisors to kdc/one and its Mexican subsidiary Zobele México, SA de CV, in the transaction.

Zobele México, SA de CV, strengthens its commercial offering in Mexico and expands the geographic reach of kdc/one to provide value-added solutions for leading brands in the beauty, personal care and home care industries, serving more than 1,000 different brands and participating in the co-production of more than 3,000 products around the world.