Cahill Represents Debt Financing Sources in Buyout of NPC International by Olympus Partners
Date: 12/28/11Cahill represented Barclays Bank, as administrative agent, and the lead arrangers in connection with $475,000,000 in senior secured credit facilities, comprised of a $375,000,000 term loan and a $100,000,000 revolving credit facility, to partially finance the acquisition of NPC International, Inc. by Olympus Partners. NPC International is the largest Pizza Hut franchisee and owns approximately 20% of domestic Pizza Hut restaurants.
Cahill also represented the initial purchasers in the Rule 144A/Reg S Offering of $190,000,000 10.5% Senior Notes due 2020 in connection with the financing of the acquisition.
Further, Cahill represented the dealer managers in connection with a tender offer and consent solicitation related to NPC International, Inc.'s 9.5% Senior Subordinated Notes due 2014 that were retired in connection with the acquisition.