Aleris International, Inc

O’Melveny represented Aleris, a wholly owned subsidiary of Aleris Corporation, and certain of its US, German, Belgian, and Swiss subsidiaries in connection with the refinancing of a US$600 million asset-backed revolving credit (ABL) facility, which includes a US$300 million European revolving sub-facility and a US$125 million letter of credit sub-facility. The transaction, which was agented by JPMorgan Chase Bank, N.A. and J.P. Morgan Europe Limited, also provides for the ability to increase the ABL facility by an additional US$300 million.