Cahill Represents Broadridge Financial Solutions, Inc. in $2.55 Billion Term Credit Facilities
Cahill represented Broadridge Financial Solutions, a leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally, in connection with its new term credit facilities comprised of commitments of $2.55 billion in aggregate principal amount. The term credit facilities are expected to be drawn to finance Broadridge’s recently-announced acquisition of Itiviti Holding AB, a leading provider of trading and connectivity technology to the capital markets industry, from Nordic Capital in an all-cash transaction. According to Law360, Broadridge’s acquisition of Itiviti will not only enhance Broadridge’s position as a global fintech leader and but also boost the company’s presence overseas. The acquisition is subject to customary closing conditions and regulatory approval and is expected to close in the quarter ending June 30, 2021.