Local Insight Regatta Holdings Completes Acquisition of the Berry Company's Independent Line of Business from AT&T
Cahill represented JPMorgan Chase Bank, N.A., as Administrative Agent, in connection with a $365,000,000 credit facility to Local Insight Regatta Holdings, Inc. to finance its acquisition of The Berry Company's Independent Line of Business (ILOB) from L.M. Berry and Company, a subsidiary of AT&T. The credit facility is comprised of a $335,000,000 term loan and a $30,000,000 revolving facility. The ILOB provides an integrated array of directory services, including sales, marketing, interactive sales support, ad design and composition services, to more than 80 Yellow Pages publishers throughout the country.