Cahill Represents Debt Financing Sources for LABL, Inc.
Date: 07/01/19
Cahill represented the lead arrangers in connection with a $300,000,000 asset-based revolving credit facility for LABL, Inc. and certain of its domestic and international subsidiaries and a $640,000,000 Term B credit facility and €500,000,000 Term B credit facility for LABL, Inc. and certain of its subsidiaries. Cahill represented the initial purchasers in connection with a Rule 144A offering of $690,000,000 aggregate principal amount of 10.50% Senior Notes due 2027 and $700,000,000 aggregate principal amount of 6.75% First Lien Senior Secured Notes due 2026 of LABL, Inc. Proceeds from the transactions were used for general corporate purposes, to refinance existing indebtedness, to refinance outstanding debt securities and for the acquisition of Multi-Color Corporation by LABL, Inc., an affiliate of Platinum Equity. After the consummation of the acquisition, LABL, Inc. is one of the largest label companies in the world.