Itelyum Secures €825 Million in High Yield and RCF Refinancing

Deal News | Apr 09, 2025 | Paul Hasting

Paul Hastings LLP has successfully advised Itelyum, a significant player in the European circular economy focused on recycling hazardous waste, on the issuance of €725 million in 5.75% senior secured notes due in 2030 along with a new €100 million revolving credit facility. This strategic financial maneuver aims to refinance existing debts and bolster Itelyum's balance sheet. The legal team at Paul Hastings, led by partners Patrick Bright, Reena Gogna, and Giorgia Sosio de Rosa, delivered expert guidance in this transaction, illustrating the firm's capability in managing high-stakes financial operations. Itelyum is a portfolio company of Stirling Square Capital Partners, a sign of confidence in their ongoing ventures and expansion potential.

Sectors

Circular Economy
Legal Services
Corporate Finance

Geography

Europe – Itelyum is described as a leading European player in the circular economy, necessitating a European geographical classification.

Industry

Circular Economy – The article focuses on Itelyum, a company specializing in recycling complex streams of hazardous waste, highlighting its connection to the circular economy industry.
Legal Services – The role of Paul Hastings LLP as a legal advisor in the refinancing transaction classifies the legal services industry as relevant to this article.
Corporate Finance – The refinancing deal involves significant corporate financial structuring, which is a core aspect of the corporate finance sector.

Financials

€825 million – Total refinancing amount comprising €725 million in senior secured notes and a €100 million revolving credit facility.

Participants

Name	Role	Type	Description
Itelyum	Target	Company	A European company specializing in recycling complex streams of hazardous waste.
Stirling Square Capital Partners	Private Equity Owner	Company	The private equity firm that owns Itelyum.
Paul Hastings LLP	Legal Advisor	Company	The law firm that advised Itelyum in the refinancing process.
Patrick Bright, Reena Gogna, Giorgia Sosio de Rosa	Lead Legal Advisors	People	Partners at Paul Hastings LLP leading the advisory team on the Itelyum transaction.