Cahill Represents Financing Sources in Credit Facility and Notes Offering by Quintiles Transnational Corp.
Cahill represented the administrative agent and lead arrangers in connection with the $1.95 billion of credit facilities, comprised of a $850,000,000 Term A loan, a $600,000,000 Term B loan, and a $500,000,000 revolving credit agreement for Quintiles Transnational Corp., the world’s largest provider of biopharmaceutical development services and commercial outsourcing services. Proceeds from the offering were used to refinance existing indebtedness and for general corporate purposes.
Cahill also represented the joint book-running managers and co-managers in connection with the Rule 144A offering of $800,000,000 aggregate principal amount of 4.875% Senior Notes due 2023 by Quintiles Transnational. Proceeds from the offering were also used to refinance existing indebtedness and for general corporate purposes.