Cahill Represents Initial Purchasers in $1.4 Billion Bond Offering and Represents Bank Managers in $2.6 Billion in Credit Facilities for Travelport Buyout
The Blackstone Group completes $3.0 billion acquisition of Travelport Inc.
Date: 08/23/06
Cahill represented initial purchasers Lehman Brothers Inc., Credit Suisse Securities LLC, UBS Securities LLC, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. in connection with a bond financing of approximately $1.4 billion, consisting of: $150,000,000 Senior Floating Rate Notes due 2014, €235,000,000 Senior Floating Rate Notes due 2014, $450,000,000 9 7/8% Senior Fixed Rate Notes due 2014, $300,000,000 11 7/8% Senior Subordinated Notes due 2016 and €160,000,000 10 7/8% Senior Subordinated Notes due 2016.
Cahill represented UBS Securities LLC, Credit Suisse Securities LLC, Lehman Brothers Inc., Citicorp North America, Inc. and Deutsche Bank AG in the execution of $2.6 billion in credit facilities, comprised of a $1,410,000,000 Term Loan, €620,000,000 Term Loan Facility, $175,000,000 Revolving Credit Facility, $100,000,000 Alternative Currency Revolving Credit Facility and a synthetic letter of credit facility in the amount of $125,000,000.