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Firm News

Julie Cohen
Director of Marketing and Communications

Cahill Represents Lead Arrangers in Acquisition Financing for Ortho-Clinical Diagnostics

Date: 06/30/14

Cahill represented Barclays Bank plc as administrative agent and lead arranger and the other lead arrangers in connection with a $2,175,000,000 Term B loan and a $350,000,000 revolving credit facility for Crimson Merger Sub, Inc. (to be merged with and into Ortho-Clinical Diagnostics, Inc.).  The transaction was completed in connection with the acquisition of Ortho-Clinical Diagnostics, Inc. from Johnson & Johnson by private equity firm The Carlyle Group.

Earlier this year, Cahill also represented the joint book-running managers and the co-managers in connection with the Rule 144A offering of $1,300,000,000 aggregate principal amount of 6.625% Senior Notes due 2022 by Crimson Merger Sub, Inc., also in connection with the acquisition.