Cahill Represents Initial Purchaser in $2.25 Billion Notes Offerings for The Gap, Inc.
Date: 05/07/20
Cahill represented the initial purchaser in connection with Rule 144A offerings of $500,000,000 aggregate principal amount of 8.375% senior secured notes due 2023, $750,000,000 aggregate principal amount of 8.625% senior secured notes due 2025, and $1,000,000,000 aggregate principal amount of 8.875% senior secured notes due 2027 by The Gap, Inc. Proceeds from the offerings were used to refinance existing indebtedness and for general corporate purposes.