Cahill Represents Lead Arrangers in Incremental Credit Facility for Verra Mobility
Date: 10/17/18
Cahill represented the lead arrangers in connection with an incremental term loan credit facility for Verra Mobility, a leading provider of tech-enabled smart transportation solutions. Proceeds from the facility were used to refinance existing indebtedness and for general corporate purposes as part of a series of transactions in connection with the acquisition of Verra Mobility by Gores Holdings II, Inc, a special purpose acquisition company. In connection with the acquisition, Gores Holdings was renamed Verra Mobility Corporation and its common stock and warrants are now trade publicly under the symbols (VRRM) and (VRRMW) on NASDAQ.