Aggreko’s $1.4 Billion and €850 Million High‑Yield Senior Secured Notes Offering and $1.195 Billion Revolving Credit Facility

Cravath represented the initial purchasers in connection with the $1.4 billion and €850 million Rule 144A/Reg. S high yield senior secured notes offering of Albion Financing 1 S.à r.l and Aggreko Holdings Inc., subsidiaries of Albion Holdco Limited (“Aggreko”), for the purpose of repaying all of Aggreko’s outstanding senior secured notes and senior notes, paying a dividend and repaying certain preference shares. The offering closed on May 21, 2025.

Cravath also represented the agents and arrangers in connection with the extension and upsize of the $1.195 billion revolving credit facility of certain subsidiaries of Aggreko, a portfolio company of I Squared Capital and TDR Capital and a global leader in energy solutions, providing rapidly deployable, temporary and semi‑permanent modular power and temperature control solutions, with strong diversification across customers, geographies and end‑markets. The transaction closed on May 21, 2025.

The Cravath team included partner George A. Stephanakis, European counsel Joji Ozawa and associates Siddhant Sattur, Georgi Boyadzhiev and Narda Vasquez Arancibia on capital markets matters; partners Korey Fevzi and Philip Stopford, European counsel Chantelle Dovey and associates Harry Poland and Rian Dhillon on banking matters; partner Andrew T. Davis and associate Carolyn Liziewski on tax matters; and senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters.