Cahill Represents Lead Arrangers in Acquisition Financing for Nexeo Solutions
Date: 06/09/16
Cahill represented Bank of America as administrative agent and lead arranger and Jefferies Finance and Deutsche Bank Securities as arrangers in connection with a $655,000,000 Term B loan for Nexeo Solutions, LLC, a worldwide leader in chemical and plastics distribution. Proceeds from the loan were used in connection with the acquisition of Nexeo Solutions by WL Ross Holding Corp. and to refinance existing indebtedness.
Cahill also represented Bank of America as administrative agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead arranger, and Deutsche Bank Securities, Wells Fargo Bank, and SunTrust Robinson Humphrey as arrangers in connection with a $575,000,000 asset-based revolving credit agreement for Nexeo Solutions. Proceeds were also used in connection with the acquisition, as well as for general corporate purposes and to refinance existing indebtedness.