ACL I Completes $250 Million Offering of PIK Toggle Notes

February 11, 2011

Cahill represented BofA Merrill Lynch, UBS Investment Bank and Wells Fargo Securities as joint book-running managers and the co-managers in a private placement of $250,000,000 10.625%/11.375% Senior PIK Toggle Notes due 2016 issued by ACL I Corporation. The net proceeds will be used to pay out dividends.