Nalco Completes $1 Billion Notes Offering
Date: 12/21/10
Cahill represented the initial purchasers in connection with a $1 billion private offering by water treatment services company Nalco Co., comprised of $750,000,000 8.625% Senior Notes due 2019 and €200,000,000 8.875% Senior Notes due 2019. The net proceeds will be used to pay a dividend to its parent Nalco Finance Holdings LLC and to repurchase or redeem existing notes. Cahill also represented (i) the solicitation agent in connection with Nalco Company's consent solicitation with respect to its 8 1/4% Senior Notes due 2017 and (ii) the dealer managers in connection with Nalco Company's tender offers for its U.S. Dollar-denominated 8 7/8% Senior Subordinated Notes due 2013 and its Euro-denominated 9% Senior Subordinated Notes due 2013.