Cahill Represents Financing Sources in Acquisition of Eliokem by Omnova
Date: 12/09/10Cahill represented the financing sources in transactions to fund the €227.5 million acquisition of specialist chemical company Eliokem International SAS and its subsidiaries, by chemicals and polymers manufacturer Omnova Solutions, Inc., from AXA Private Equity.
Cahill represented Deutsche Bank as lead arranger in connection with a $200,000,000 Term Loan for Omnova Solutions Inc. to finance the acquisition and related financing of certain indebtedness.
Cahill represented Deutsche Bank, Jefferies & Company and KeyBank in the Rule 144A/Reg S offering of $250,000,000 7.875% Senior Notes due 2018 by Omnova Solutions, Inc. Proceeds of the Senior Notes were used to finance the acquisition.