Cahill Represents Debt Financing Sources in $3.87 Billion of Debt Financings, Consisting of $2.07 Billion Credit Facilities and $1.8 Billion Notes Offerings for Kissner’s Acquisition of Morton Salt
Date: 04/29/21
Cahill represented the lead arrangers in connection with an amendment (i) to reprice an existing $893.25 million term B facility, (ii) establish a $900 million incremental term B facility, and (iii) establish a $275 million incremental revolving credit facility for SCIH Salt Holdings, Inc. (the “Company”), the owner of Kissner Group Holdings. Cahill also represented the initial purchasers in connection with a Rule 144A offering of $1,100,000,000 aggregate principal amount of 4.875% senior first lien notes due 2028 and a $700,000,000 aggregate principal amount of 6.625% senior notes due 2029 by the Company. Proceeds from the credit facilities and the debt offering were used to fund the acquisition of K+S America’s salt business, including Morton Salt, by the Company, as well as refinancing existing debt.