Prestige Brands Completes Acquisition Financing
Date: 11/01/10Cahill represented Bank of America, N.A. as administrative agent, and Banc of America Securities LLC and Deutsche Bank Securities Inc., as arrangers, in connection with a $115,000,000 incremental term loan facility and a $10,000 increase in the revolving credit facility of Prestige Brands, Inc., a marketer and distributer of brand name over-the-counter healthcare and household products.
Cahill represented BofA Merrill Lynch and Deutsche Bank as lead arrangers in the Rule 144A/Reg S offering of $100,000,000 8.25% Senior Notes due 2018 by Prestige Brands, Inc. The proceeds, together with the proceeds from the incremental term loan facility, were used by Prestige to fund the $190 million acquisition of Blacksmith Brands Holdings from Charlesbank Capital Partners.