Firm News

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

Preferred Proppants, LLC Completes $406 Million Senior Secured Credit Facilities

Date: 12/15/11

Cahill represented Barclays Bank PLC as administrative agent in connection with a $225,000,000 Term B loan for Preferred Proppants, LLC. Cahill also represented Key Bank, N.A. as administrative agent in connection with a concurrent $151,000,000 Term A loan and a $30,000,000 revolving credit facility for Preferred Proppants, LLC. A portion of the proceeds were used to refinance existing indebtedness, to pay a dividend and to fund certain company restructurings, and to partially finance an acquisition. The revolving credit facility will be available for general company purposes.

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