Firm News

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

Cahill Represents Debt Financing Sources in $3.725 Billion Notes Offering and Credit Facilities for White Cap Buyer, LLC

Date: 10/19/20

Cahill represented the lead arrangers in connection with a $700,000,000 asset-based revolving credit facility, a $2,335,000,000 term B credit facility and a $50,000,000 revolving credit facility for White Cap Buyer, LLC (the “Company”), a portfolio company of Clayton, Dubilier & Rice. Cahill also represented the initial purchasers in connection with a Rule 144A offering of $640,000,000 aggregate principal amount of senior notes by the Company. Proceeds from the credit facilities and the notes will be used in connection with the acquisition by White Cap Buyer, LLC of both Construction Supply Group and White Cap from HD Supply to form a combined company, as well as for working capital and other general corporate purposes.