Cahill Represents Debt Financing Sources in $1.4 Billion of Debt Financings, Consisting of $1.1 Billion Credit Facilities and $300 Million Notes Offering in Connection with the Acquisition of Oregon Tool
Date: 10/15/21
Cahill represented the lead arrangers in connection with a $150,000,000 asset-based revolving credit facility for ASP Blade Holdings, Inc. Cahill also represented the lead arrangers in connection with an $850,000,000 term B credit facility and a $50,000,000 revolving credit facility for ASP Blade Holdings, Inc. In addition, Cahill represented the initial purchasers in connection with a Rule 144A offering of $300,000,000 aggregate principal amount of 7.875% senior notes due 2029 issued by OT Merger Corporation, which was merged with and into ASP Blade Holdings, Inc. upon the consummation of the acquisition of ASP Blade Holdings, Inc. Proceeds from the credit facilities as well as the notes offering were used to fund the acquisition of Oregon Tool by a company controlled by Platinum Equity Advisors, and to refinancing its existing debt. Oregon Tool is a leading manufacturer of saw chain and other forestry and agricultural equipment.