Firm News

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

Cahill Represents Debt Financing Sources in Management-led Buyout of EGL Inc.

Date: 03/19/07

Global logistics company EGL Inc. announced that it has signed a definitive merger agreement under which James R. Crane, EGL's largest shareholder, Chief Executive Officer and Chairman of the Board, together with investment funds affiliated with Centerbridge Partners, L.P. and The Woodbridge Company Limited will acquire the company in a transaction valued at approximately $1.7 billion.

Cahill is representing Merrill Lynch and Wachovia in a $810,000,000 Term Loan Facility and a $150,000,000 Revolving Credit Facility in connection with the management-led leveraged buyout.

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com