Ashurst advised RPC Group plc, a leading UK FTSE-250 plastic products design and engineering company for packaging and non-packaging markets, on the amend and extend of its revolving credit facility. The existing revolving credit facility was increased from £490 million to £770 million for the purpose of funding part of the consideration for the acquisition of Global Closure Systems, a leading manufacturer and provider of closures and dispensing systems, for an enterprise value of €650 million.

The Ashurst banking team comprised lawyers from the firm's London, Paris, Munich, Brussels, New York, Stockholm and Hong Kong offices.

The Ashurst London team was led by partner Nicholas Moore, assisted by associates Briony Holcombe, Joyce Teh and Raymond Yeung and trainee Laura Birkinshaw-Miller.