Cahill Represents Lead Arrangers in First Green Loan Facility to Fund Leveraged Buyout in the United States
Date: 05/07/21
Cahill represented the lead arrangers in connection with a $410,000,000 green term B credit facility and a $60,000,000 revolving credit facility for LTR Intermediate Holdings, Inc., a subsidiary of Energy Capital Partners. Proceeds from the credit facility will be used to fund the acquisition of Liberty Tire Recycling Holdco, LLC. Liberty Tire Recycling provides scrap-tire collection and rubber recycling services primarily in the United States, and in Canada. The credit facility was structured in accordance with the green loan principles and has been cited as being among the first U.S. green term loans outside of the renewable energy sector and the first green term B loan in the U.S. leveraged loan market backing a buyout.