Cahill Represents Financing Sources in $27.5 Billion Acquisition of Alltel
Date: 10/16/07
Cahill represented Citigroup, Barclays PLC, Royal Bank of Scotland Group and others in connection with a $7.7 billion senior unsecured interim credit facility comprised of $5.2 billion of cash-pay loans and $2.5 billion of PIK toggle loans to finance the $27.5 billion acquisition of Alltel by TPG Capital LLP and the private-equity arm of Goldman Sachs Group Inc., and a $1.0 billion Rule 144A private placement of 10.375%/11.125% senior pay in kind toggle notes due 2017 of Alltel to refinance a portion of the senior unsecured interim facility.