Firm News

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

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.

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com