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

Firm News

Cahill Represents Initial Purchasers in Multi-Billion Dollar Notes Offerings in connection with Going-Private Acquisition of Wesco Aircraft by Platinum Equity

Date: 01/09/20

Cahill represented the initial purchasers in connection with a Rule 144A offering of $525,000,000 aggregate principal amount of 13.125% senior notes due 2027, $650,000,000 aggregate principal amount of 8.50% senior secured notes due 2024 and $900,000,000 aggregate principal amount of 9.00% senior secured notes due 2026 by Wesco Aircraft Holdings, Inc., one of the world’s leading distributors and providers of comprehensive supply chain management services to the global aerospace industry. Cahill also represented the initial purchasers in connection with a concurrent offering of $100,000,000 aggregate principal amount of 13.750% senior PIK notes due 2028 by Wolverine Intermediate Holding Corporation, an indirect parent company of Wesco Aircraft Holdings, Inc.

Proceeds from the offerings were used to finance the acquisition by Platinum Equity of Wesco Aircraft, which at closing was combined with Pattonair, a Platinum Equity portfolio company and a provider of supply chain management services for the aerospace and defense industries based in the United Kingdom.

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