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Nutter Represents Agilyx in Successful Placement of $50 Million Senior Secured Green Bond Issue
Print PDFNutter advised Agilyx Corporation and its parent company Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) in connection with the U.S. portion of a successful placement of a senior secured green bond issue of $50 million (USD). The net proceeds from the private placement and bond issue will be used to fund capital calls related to the development and construction of Cyclyx Circularity Center No. 2, as well as for general corporate purposes. The Nutter team was led by Michael Kushnir, and included Matt Doring and Francesca Oliveira.
Agilyx is at the forefront of plastic waste recycling, enabling the conversion of challenging post-use plastics into high-value, virgin-equivalent products. Recognizing that availability of high-quality custom feedstock is critical for scaling recycling processes, Agilyx, through its Cyclyx subsidiary, provides tailored feedstock solutions to global plastic producers. By advancing from a linear "make-take-waste" model to a sustainable circular economy, Agilyx supports the transition to a low-carbon future. Read more about the transaction.
Nutter has a longstanding relationship with Agilyx, having represented the company in its joint venture with ExxonMobil Chemical Corporation to form Cyclyx International, LLC. Subsequently, Nutter served as legal counsel to Agilyx in connection with LyondellBasell acquiring 25% equity ownership in Cyclyx in a landmark plastic waste recycling joint venture that helped lay the foundation for a nationwide plastic circular economy.
Nutter’s Corporate Department represents domestic and international corporations, publicly traded and privately-held companies, private equity firms, nonprofit institutions, and family-owned businesses in a wide variety of domestic and cross-border transactions. The firm’s attorneys advise on significant transactions in every major industry sector, including technology, life sciences, banking, professional services, real estate, energy, medical devices, health care, and manufacturing. Nutter’s corporate practice handles the full range of M&A and private equity transactions, including representing buyers and sellers in auctions processes, mergers, asset sales, stock purchases, leveraged buyouts, roll-ups, joint ventures, PIPEs, going private transactions, tender offers, and proxy contests.
About Nutter
Nutter is a Boston-based law firm that provides legal counsel to industry-leading companies, entrepreneurs, institutions, and foundations, across the country and the world. The firm’s corporate, intellectual property, litigation, real estate, employment, tax, and private client practices are national in scope. For more information, please visit www.nutter.com and follow the firm on LinkedIn.
