Nalco Company Completes Credit Facilities & Rule 144A Offering

Cahill represented Bank of America, N.A. as Administrative Agent, Collateral Agent and Lender and Deutsche Bank Securities Inc. as Syndication Agent and Lender in connection with the $250 million senior secured revolving credit facility and $750 million term loan facility of Nalco Company. Cahill also represented Deutsche Bank Securities Inc., Banc of America Securities LLC, HSBC Securities (USA) Inc., BMO Capital Markets Corp., Calyon Securities (USA) Inc. and The Williams Capital Group, L.P. as initial purchasers in a $500,000,000 Rule 144A offering of 8 1/4% Senior Notes due 2017 by Nalco Company. The transactions were part of a refinancing plan to repay existing debt and redeem a portion of existing notes.