Cahill Represents Financing Sources in Acquisition of NESCO by Energy Capital Partners
Cahill represented Morgan Stanley and Barclays as lead book-running managers in connection with the Rule 144A offering of $525,000,000 aggregate principal amount of 6.875% Senior Secured Second Lien Notes due 2021 by Jurassic Holdings III, Inc., to be ultimately merged with and into NESCO, LLC, a leading service provider to the electric transmission and distribution industry. Proceeds from the offering were used in connection with the acquisition of NESCO by Energy Capital Partners.
Cahill also represented Barclays Bank as administrative agent and lead arranger and Morgan Stanley Senior Funding and Wells Fargo Bank as lead arrangers in connection with the $250,000,000 asset-based loan revolving credit facility for Nesco, LLC. Proceeds of initial borrowings under this facility were also used in connection with the acquisition.