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Firm News

Cahill Represents Debt Financing Sources for Adient US LLC Refinancing

Date: 05/06/19

Cahill represented the initial purchasers in connection with a Rule 144A offering of $800,000,000 aggregate principal amount of 7.00% senior first lien notes due 2026 by Adient US LLC. Cahill also represented the lead arrangers in connection with a $1,250,000,000 asset-based revolving credit facility for Adient US LLC and certain of its domestic and international subsidiaries and a $800,000,000 term loan facility for Adient US LLC and Adient Global Holdings S.a r.l.

Adient is a manufacturer of automotive seats. Proceeds from the transactions were used to refinance existing indebtedness and for general corporate purposes.