Cahill Represents Financing Sources in Combination of Brand Energy & Infrastructure Services with Harsco Corporation’s infrastructure Business
Cahill represented Morgan Stanley as lead joint book-running manager and the other initial purchasers in connection with the Rule 144A offering of $500,000,000 aggregate principal amount of 8.50% Senior Notes due 2021 by Bullseye MergerSub, Inc., to be merged with and into Brand Energy & Infrastructure Services, Inc., a leading provider of specialized services to the global energy, industrial and infrastructure markets. Proceeds from the transaction were used in connection with the acquisition of Brand and Harsco’s infrastructure business by private investment firm Clayton, Dubilier & Rice.
Cahill also represented Morgan Stanley as administrative agent and lead arranger and the other lead arrangers in connection with the $1,575,000,000 term loan and revolving credit facility for Bullseye MergerSub, Inc. (to be merged with and into Brand Energy & Infrastructure Services, Inc.). Proceeds from the loan were also used in connection with the acquisition and will be used for general corporate purposes.