Cahill Represents the Debt Financing Sources in Acquisition of Getty Images
Cahill represented Barclays Bank as administrative agent and the other lead arrangers in connection with the $2,050,000,000 credit facility comprised of a $1,900,000,000 Term B loan and a $150,000,000 Revolving credit facility for Getty Images, Inc.
Cahill represented J.P. Morgan Securities and the other initial purchasers in connection with the Rule 144A/Reg S offering of $550,000,000 aggregate principal amount of 7.0% Senior Notes due 2020 by Griffey Intermediate Inc. and Griffey Finance Sub LLC.
Proceeds from the facility and the offering will be used to fund the acquisition of Getty Images, Inc. by The Carlyle Group. The overall transaction was valued at approximately $3.3 billion.