Cahill Represent Debt Financing Sources In $1.85 Billion of Debt Financings for subsidiaries of Conduent Incorporated.
Date: 10/15/21
Cahill represented the initial purchasers in connection with a Rule 144A offering of $520,000,000 aggregate principal amount of 6.000% senior secured notes due 2029 by subsidiaries of Conduent Incorporated and Cahill also represented the agent and lead arrangers in connection with a $265,000,000 term A credit facility, a $515,000,000 term B credit facility and a $550,000,000 revolving credit facility for Conduent Business Services, LLC, Conduent State & Local Solutions, Inc. and Affiliated Computer Services International B.V., each of which are subsidiaries of Conduent Incorporated. Conduent Incorporated is a leading provider of business process services with expertise in transaction-intensive processing, analytics and automation. Proceeds from the credit facility will be used for refinancing existing indebtedness.