Cahill Represents Financing Sources in $3.9 Billion of Debt Financing Transactions in Support of the Buyout of W.R. Grace & Co.
Cahill represented the initial purchasers in connection with a Rule 144A offering of $1,155,000,000 aggregate principal amount of 5.625% senior notes due 2029 and the dealer managers in connection with exchange offers for up to $1,050,000,000 aggregate principal amount of existing debt securities by W. R. Grace Holdings LLC. Cahill also represented the lead arrangers in connection with a $1,250,000,000 term B credit facility and a $450,000,000 revolving credit facility for W.R Grace Holdings LLC. Proceeds from the transaction were used to finance the acquisition of W.R. Grace & Co. by W.R Grace Holdings LLC (formerly known as Gibraltor Acquisition Holdings LLC). W. R. Grace & Co. is an American chemical business based in Columbia, Maryland that was publicly traded on the New York Stock Exchange prior to consummation of the acquisition.