Cahill Represents Initial Purchasers in $1.75 Billion Notes Offering by Kinetic Concepts
Date: 10/03/16
Cahill represented the joint book-running managers in connection with the Rule 144A offering of $1,750,000,000 aggregate principal amount of 9.625% second lien senior secured notes due 2021 by Kinetic Concepts, Inc., a subsidiary of Acelity, a leading global medical technology company. Proceeds from the offering were used to refinance existing indebtedness and for general corporate purposes. Cahill also represented the dealer manager and solicitation agent in connection with the exchange offer of up to $450,000,000 of Kinetic Concept’s 12.5% limited third lien senior secured notes due 2021 for outstanding 12.5% senior notes due 2019 and solicitation of consents in respect of those existing unsecured notes.