Cahill Represents Financing Sources in Credit Facility and Senior Notes Offering by Interactive Data Corporation
May 2, 2014
Cahill represented Bank of America as administrative agent and lead arranger and the other arrangers in connection with the $2.06 billion credit facility, comprised of a $1,900,000,000 Term B loan, and a $160,000,000 revolving credit facility for Interactive Data Corporation, a leading provider of financial market data, analytics and customized web solutions for financial institutions. Proceeds from the facility were used to refinance existing indebtedness.
Cahill also represented the joint book-running managers in connection with the Rule 144A offering of $350,000,000 aggregate principal amount of 5.875% Senior Notes due 2019 by Interactive Data Corporation. Proceeds were also used to refinance existing indebtedness and to pay a dividend.