Cahill Represents Underwriters in Cintas Financing to Acquire G&K Services
Date: 03/14/17
Cahill represented KeyBanc, JPMorgan and the other underwriters in connection with the registered public offering of $1.7 billion of debt securities comprised of $650 million of 2.900% Senior Notes due 2022, $1 billion of 3.700% Senior Notes due 2027, and $50 million of 3.250% Senior Notes due 2022, by Cintas Corporation, a leading designer and supplier of corporate identity uniform programs, entrance mats, restroom supplies, promotional products and safety products. Proceeds from the offering were used in connection with Cintas’s acquisition of another public company, G&K Services. As of closing of the acquisition on March 21, 2017, the combined entity has an equity market capitalization of over $13 billion.