Cahill Represents Financing Sources in Acquisition of Artesyn Technologies
Cahill represented the joint book-running managers in connection with the Rule 144A offering of $250,000,000 aggregate principal amount of 9.75% Senior Secured Notes due 2020 by Artesyn Escrow, Inc., to be merged with and into Artesyn Technologies, Inc. Proceeds from the offering were used to finance the acquisition by Platinum Equity of a 51% controlling stake in Emerson Electrics Co.’s Embedded Computing & Power business.
Cahill also represented the administrative agent and lead arranger in connection with the $75,000,000 multicurrency revolving credit facility for Artesyn Technologies, Inc. Proceeds from the loan were also used in connection with the acquisition.