Cahill Represents Initial Purchasers in $805 Million Notes Offerings for Consensus Cloud Solutions in connection with Spin-Off from J2 Global
Date: 10/07/21
Cahill represented the initial purchasers in connection with concurrent Rule 144A offerings of $305,000,000 aggregate principal amount of 6.000% senior notes due 2026 and $500,000,000 aggregate principal amount of 6.500% senior notes due 2028 by Consensus Cloud Solutions, Inc. relating to its spin-off from J2 Global, Inc. Proceeds from the senior notes due 2026 were used to make a distribution to J2 Global, Inc. and for general corporate purposes and the senior notes due 2028 were exchanged with existing lenders of indebtedness at J2 Global Inc. in return for the extinguishment of such indebtedness. Consensus is a leading provider of secure information-delivery services.