Cahill Represents Debt Financing Sources in $2 Billion of Debt Financings, Consisting of $500 Million Notes Offering and $1.5 Billion Term Loan Credit Facility for Diamond (BC) B.V. (Diversey)
Date: 09/29/21
Cahill represented the initial purchasers in connection with a Rule 144A/Regulation S offering of $500,000,000 aggregate principal amount of 4.625% senior notes due 2029 by Diamond (BC) B.V. (Diversey), an indirect wholly owned subsidiary of Diversey Holdings, Ltd. Proceeds from the offering were used to refinance existing indebtedness. Cahill also represented the lead arrangers in connection with a $1,500,000,000 new term B credit facility for Diamond (BC) B.V. (Diversey). Proceeds from the term B credit facility will be used for general corporate purposes and a refinancing of existing credit and outstanding debt securities. Diversey Holdings, Ltd. is a global provider of cleaning and hygiene products in the hospitality, healthcare, food and beverage, food service, retail and facility management sectors.