Cahill Represents Initial Purchasers in $115 Million Notes Offering by Summit Materials
Date: 09/08/14
Cahill represented BofA Merrill Lynch, Citigroup, Barclays, UBS Investment Bank, Credit Suisse, Deutsche Bank Securities, and Blackstone Capital Markets as joint book-running managers in connection with a Rule 144A offering of $115,000,000 aggregate principal amount of 10.5% Senior Notes due 2020 by Summit Materials, LLC and Summit Materials Finance Corp., one of the fastest growing construction materials companies in the United States. Proceeds from the offering were used to repay certain indebtedness and in connection with Summit’s acquisition of Mainland Sand and Gravel, a supplier of construction aggregates to the Vancouver and Lower Mainland region of British Columbia.