Delphi Corporation Obtains $3 Billion Senior Secured Credit Facilities
Date: 03/31/11
Cahill represented J.P. Morgan, as sole lead arranger and bookrunner, and JPMorgan Chase Bank, as administrative agent, in connection with $3,000,000,000 of senior secured credit facilities for Delphi Corporation, a subsidiary of Delphi Automotive LLP. The proceeds from the $2,500,000,000 of term loans under the senior secured facilities were used to fund a portion of the purchase price for the redemption of equity of Delphi Automotive held by GM and The PBGC.