Cahill Represents Initial Purchasers in $315 Million Notes Offering by Norbord
Date: 04/16/15
Cahill represented RBC Capital Markets and BofA Merrill Lynch as joint book-running managers and the other initial purchasers in connection with the Rule 144A offering of $315,000,000 aggregate principal amount of 6.250% Senior Secured Notes due 2023 by Norbord Inc., a leading global manufacturer of wood-based panel products. The net proceeds from the offering will be used, along with cash on hand, to repurchase for cash all of the outstanding 7.5% Senior Secured Notes due 2017 issued by its wholly owned subsidiary, Ainsworth Lumber Co. Ltd., pursuant to a tender offer and consent solicitation and to redeem any remaining outstanding Notes following the tender offer.