Davis Polk advised Credit Suisse Securities (USA) LLC and Deutsche Bank Securities, as joint lead arrangers and joint bookrunners, in connection with two incremental term loan facilities totaling $1.15 billion for Spectrum Brands, Inc., pursuant to Spectrum Brand’s existing senior secured credit agreement. Davis Polk also advised Credit Suisse Securities (USA) LLC and Deutsche Bank Securities as joint dealer managers of a concurrent tender offer and consent solicitation by Spectrum Brands to purchase any and all of its outstanding 9.5% senior secured notes due 2018 and a solicitation of consents to certain amendments to the related indenture. The tender offer was funded with the proceeds of the new term loan facilities.

Based in Madison, WI, Spectrum Brans is a global and diversified consumer products company. Spectrum Brands is majority-owned by Harbinger Group Inc.

The Davis Polk credit team included partner Jinsoo H. Kim, associate Peter T. Bazos and law clerk Adam B. VanWagner. The capital markets team included partner John B. Meade, associate Connor Kuratek and law clerk Julia Danforth. The tax team included partner Harry Ballan and associate Kerry S. Price. Sonya Jackman was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.