Cahill Represents Financing Sources in Acquisition by Polymer Group
Date: 06/10/14
Cahill represented Citigroup, Barclays, RBC Capital Markets, and HSBC as joint book-running managers in connection with the Rule 144A offering of $210,000,000 aggregate principal amount of 6.875% Senior Notes due 2019 by Polymer Group, Inc., a leading global innovator, manufacturer and marketer of engineered materials, focused primarily on the production of nonwoven materials. Proceeds from the offering were used in connection with Polymer Group’s acquisition of the controlling interest of Companhia Providencia Industria e Comercio, a Brazilian-based manufacturer of nonwovens used in personal hygiene, healthcare and industrial applications.
Cahill also represented Citicorp North America as administrative agent, and Citigroup Global Markets, Barclays Bank, RBC Capital Markets and HSBC Securities as lead arrangers in the amendment of Polymer Group’s $310,000,000 incremental Term B loan, and $105,000,000 incremental delayed draw Term B loan. The amendment was also made in connection with the acquisition.