23 Oct 2025

"Davis Polk Advises on Park River Holdings' Exchange Offer for Senior Notes"

"Davis Polk advised dealer managers and consent solicitation agents for Park River Holdings, Inc. in their exchange offers of 5.625% and 6.750% senior notes for new 8.750% second lien secured notes due 2030. The notes are guaranteed by subsidiary guarantors, and the firm also assisted with soliciting consents to amend the existing notes' indentures. Park River Holdings is the parent company of PrimeSource Brands, a leading provider of specialty building products in North America. The advisory team included various partners and associates from Davis Polk's New York and Northern California offices."

Davis Polk & Wardwell LLP participated in a transaction involving Park River Holdings, Inc., advising the dealer managers and consent solicitation agents. The transaction involved Park River Holdings, Inc. offering to exchange its 5.625% and 6.750% senior notes due 2029 for new 8.750% second lien secured notes due 2030. The notes are guaranteed unconditionally by the subsidiary guarantors of Park River Holdings, Inc. Additionally, Davis Polk assisted with the solicitation of consents from existing note holders to amend the indentures governing those notes. The Davis Polk team included partner Marcel Fausten, counsel Christopher H. Van Buren, and associates Jenny (Jingjing) Li and Jared Madnick from the corporate team. The finance team comprised partner Christopher Nairn-Kim and associates Matthew Vallade and Owen Daly. Partner Frank Azzopardi provided intellectual property advice, partner David H. Schnabel offered tax advice, and counsel Loyti Cheng provided environmental advice. Members of the team are based in the New York and Northern California offices.
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