Cahill Represents Brant on Acquisition of SP Newsprint
Cahill represented an investor group led by Peter M. Brant in connection with its acquisition of SP Newsprint Co. ("SP Newsprint"), a privately-held producer of newsprint headquartered in Atlanta, Georgia, from affiliates of Cox Enterprises, Inc., Media General, Inc. and The McClatchy Company. Cahill also represented Mr. Brant and the other investors in connection with the establishment of a new senior secured credit facility arranged by GE Capital Markets, Inc. that was used to finance a portion of the purchase price for the acquisition. The acquisition, which was completed on March 31, 2008, included SP Newsprint’s two newsprint mills in Dublin, Georgia and Newberg, Oregon, as well as SP Recycling Corp., SP Newsprint's wholly owned recycling subsidiary. SP Newsprint produces approximately one million tons of newsprint annually.