Providence Equity Partners Completes Acquisition of SRA International
Cahill represented Citibank, N.A. as administrative agent and Citigroup Global Markets Inc. and other institutions as lead arrangers in connection with the $975,000,000 credit facility comprised of a $875,000,000 Term B loan and a $100,000,000 revolving credit facility for SRA International, Inc. to partially finance Providence Equity Partners L.L.C.'s buyout of SRA International.
Cahill represented Merrill Lynch, Pierce, Fenner & Smith Inc. and the other initial purchasers in the Rule 144A/Reg S offering of $400,000,000 11% Senior Notes due 2019 by Sterling Merger, Inc., also to partially finance Providence Equity Partners L.L.C.'s buyout of SRA International.