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Firm News

Julie Cohen
Director of Marketing and Communications

Cahill Represents Debt Financing Sources in $340 Million Debt Financings, Consisting of $255 Million Notes Offering and $115 Million in Credit Facilities for NFP Corp.

Date: 10/06/21

Cahill represented the initial purchasers in connection with a Rule 144A offering of $225,000,000 aggregate principal amount of 4.875% senior secured notes due 2028 by NFP Corp. Proceeds from the offering will be used for acquisitions by NFP and to pay fees and expenses in connection with the transactions. Cahill also represented the lead arrangers in connection with an Amendment to NFP’s credit agreement to provide for a $40,000,000 increase to the revolving credit facility and a $75,000,000 increase to the term B credit facility. Proceeds from the credit facilities will be used for general corporate purposes. NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates.