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Firm News

Julie Cohen
Director of Marketing and Communications

Cahill Represents Lead Arrangers and Initial Purchasers in Refinancing Transaction for Allied Universal

Date: 07/12/19

Cahill represented the lead arrangers in connection with a $2,020,000,000 Term B credit facility, $300,000,000 revolving credit facility, $200,000,000 Term B delayed draw credit facility and $750,000,000 asset based revolving credit facility for Allied Universal, a leading security and facility services company in North America. Cahill also represented the initial purchasers in connection with Rule 144A offerings of Allied’s $1,000,000,000 aggregate principal amount of 6.625% senior secured notes due 2026 and $1,050,000,000 aggregate principal amount of 9.750% senior notes due 2027. Proceeds from the facilities and the offerings were used to refinance existing indebtedness and pay related fees and expenses.