Hellman & Friedman Completes Acquisition of Associated Materials
A Cahill team represented the financing sources in transactions totaling nearly a billion dollars to fund the $1.42 billion buyout of Associated Materials, LLC by affiliates of Hellman & Friedman LLC.
On the bond side of the acquisition financing, Cahill represented Deutsche Bank Securities, UBS Investment Bank and Barclays Capital as joint book-running managers in the Rule 144A/Reg S Offering of $730,000,000 9.125% Senior Secured Notes due 2017 of Associated Materials, LLC and Carey New Finance, Inc.
On the bank side, Cahill represented UBS as US administrative agent in the $225,000,000 revolving credit facility by Associated Materials, LLC; Gentek Holdings, LLC and; Gentek Building Products, Inc.
Associated Materials is a leading manufacturer and distributor of exterior residential building products in the United States and Canada. The Company's products are marketed on a wholesale basis to more than 50,000 independent contractors through a network of 119 company-operated supply centers and approximately 250 independent distributors across the U.S. and Canada.