Cahill Represents Initial Purchasers in $75 Million Notes Offering by Carrol’s Restaurant Group
Date: 06/23/17
Cahill represented Wells Fargo Securities, LLC as managing initial purchaser in connection with the Rule 144A offering of $75,000,000 aggregate principal amount of 8.00% Senior Secured Second Lien Notes due 2022 by Carrols Restaurant Group, Inc., the largest U.S. Burger King franchisee based on number of restaurants. Proceeds from the offering will be used to refinance existing indebtedness, for general corporate purposes and to repay a portion of the senior credit facility.