Kronos Acquisition Holdings'  $1.9 Billion Dividend Recapitalization Financing

Kronos Acquisition Holdings' $1.9 Billion Dividend Recapitalization Financing

1/13/2021

Kronos Acquisition Holdings' $1.9 Billion Dividend Recapitalization Financing

Paul Hastings LLP advised Barclays on the deal.

Barclays acted as sole book runner and sole lead arranger in connection with two senior notes offerings by Kronos Acquisition Holdings Inc. (KIK) totaling $1 billion and a new $900 million senior secured term loan. KIK is one of America's largest independent manufacturers of consumer products for household, pool, and auto categories.

The team at Paul Hastings was led by John Cobb (Picture), Marisa Sotomayor, and Katherine Bell, and included of counsels James Shea and Danny Choi, and Seth Chandler, and associates Stephanie An, Carlos Ruiz, Andro Atlaga, Stephen Perry, Andres Loera, Phillip Chang, Tess Peterson, and Philip Cernera.