Debevoise & Plimpton LLP has advised Veritiv Operating Company, a Clayton, Dubilier & Rice portfolio company, in the financing aspects of its acquisition of Orora Packaging Solutions (OPS), including an offering of $350 million aggregate principal amount of 10.500% additional Senior Secured Notes due 2030, a $800 million incremental term loan facility and a $275 million incremental ABL revolving facility. For more information, please see the client’s press release.

OPS is a global packaging and visual communications company.

The Debevoise team was led by capital markets partner Steven Slutzky and finance partner Scott Selinger and included capital markets counsel Joshua Samit and associates Jason Auman, Andrew Hong, Evgenii Lebedev, Andrew Lee and Phoebe Steinfeld, finance partner Brett Novick and associates Elizabeth Aiken, Marta Poplawski, Matthew Sacco and Matthew Tolson, and tax partner Michael Bolotin and associates Ahmed Farooq and Samuel Krawiecz.