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Firm News

Julie Cohen
Director of Marketing and Communications

Cahill Represents Debt Financing Sources in $1.3 Billion Notes Offering and Credit Facility for MajorDrive Holdings IV, LLC

Date: 06/01/21

Cahill represented the initial purchasers in connection with a Rule 144A offering of $525,000,000 aggregate principal amount of notes by MajorDrive Holdings IV, LLC. Proceeds from the offering were used to fund the acquisition of Club Car by the issuer. Cahill also represented the lead arrangers in connection with a $775,000,000 term B credit facility for MajorDrive Holdings IV, LLC (Club Car). Proceeds from the credit facility will be used for leveraged buyout and an acquisition by the borrower. MajorDrive is a leading designer and manufacturer of golf, utility and consumer low-speed vehicles under the Club Car® brand.