Media Contact:
Julie Cohen
Director of Marketing and Communications
Phone: 212.701.3614
Fax: 212.378.2410
jcohen@cahill.com

Firm News

Cahill Represented the Initial Purchasers in $785 Million First-Priority Senior Secured Notes Offering for Photo Holdings Merger Sub, Inc. in connection with Photo Holdings Merger Sub, Inc.’s acquisition of Shutterfly, Inc.

Date: 09/25/19

Cahill represented the initial purchasers in connection with a Rule 144A offering of $785,000,000 aggregate principal amount of 8.50% first-priority senior secured notes due 2026 for Photo Holdings Merger Sub, Inc. (which was merged with and into Shutterfly, Inc.).  Proceeds from the offering were used to finance a portion of the acquisition of Shutterfly, Inc. by Photo Holdings Merger Sub, Inc.

Media Contact:
Julie Cohen
Director of Marketing and Communications
Phone: 212.701.3614
Fax: 212.378.2410
jcohen@cahill.com