Cahill Represents Debt Financing Sources in $1.025 Billion Credit Facilities and Notes Offering in connection with Buyout of Virtusa Corporation
Date: 02/11/21
Cahill represented the lead arrangers in connection with a $600,000,000 term loan B credit facility and a $125,000,000 revolving credit facility for Austin HoldCo Inc. and Austin BidCo Inc. (collectively, the “Company”), each controlled by funds affiliated with the private equity investment firm Baring Private Equity Asia. Cahill also represented the initial purchasers in connection with a Rule 144A offering of $300,000,000 aggregate principal amount of 7.125% senior notes due 2028 by the Company. Proceeds from the credit facilities will be used to support the acquisition of Virtusa Corporation, a global provider of digital engineering and IT outsourcing services.