Cahill Represents Financing Sources in Notes Offering and Credit Agreement for E*TRADE
Cahill represented J.P. Morgan Securities as lead book-running manager and the other underwriters in connection with the Public Offering of $540,000,000 aggregate principal amount of 5.375% Senior Notes due 2022 by E*TRADE Financial Corporation, a financial services company that provides brokerage and related products and services primarily to individual retail investors. Proceeds from the offering were used to refinance existing indebtedness.
Cahill also represented J.P. Morgan Chase Bank as administrative agent, and JPMorgan Securities LLC and Morgan Stanley Funding, Inc. as lead arrangers in connection with the $200,000,000 revolving credit agreement for E*TRADE Financial Corporation. Proceeds from the facility were used for general corporate purposes.