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Firm News

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.