Cahill Represents Financing Sources in Credit Facility and Notes Offering for Activision Blizzard
Cahill represented Bank of America, N.A. as administrative agent and BofA Merrill Lynch and J.P. Morgan as lead arrangers in connection with the $2,250,000,000 Term B loan and the $250,000,000 revolver for Activision Blizzard, Inc., a worldwide online, PC, console, handheld and mobile game publisher.
Cahill also represented J.P. Morgan and BofA Merrill Lynch as joint book-running managers and the co-managers in connection with the Rule 144A offering of $1,500,000,000 aggregate principal amount of 5.625% Senior Notes due 2021 and $750,000,000 aggregate principal amount of 6.125% Senior Notes due 2023 by Activision Blizzard, Inc.
Proceeds from the loans and from the notes offering will be used for a stock buy-back and for general corporate purposes.