Samsonite Completes $530 Million Credit Facility and Tender Offers
Cahill represented Merrill Lynch Capital Corporation, as U.S. Agent and U.S. Collateral Agent in connection with a new credit facility consisting of a $450 million senior secured term loan facility and a $80 million senior secured revolving credit facility for Samsonite Corporation, including a letter of credit sub-facility to finance distribution of dividends and the purchase of the validly tendered notes pursuant to tender offers for outstanding notes.
Cahill also represented Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank AG, London Branch as dealer managers in tender offers completed by Samsonite Corporation to purchase any and all of its $164,970,000 outstanding 8-7/8% Senior Subordinated Notes due 2011 and Euro 100,000,000 outstanding Floating Rate Senior Notes due 2010.