Cahill Represents Debt Financing Sources in 4.1 Billion of Multi-Currency Debt Financings, Consisting of $1.2 Billion and €765 Million in Notes Offering and $1.6 Billion and €500 Million in Credit Facilities for Olympus Water US Holding Corporation
Date: 11/09/21
Cahill represented the initial purchasers in connection with a Rule 144A offering of $815,000,000 aggregate principal amount of 4.250% senior secured notes due 2028, a €500,000,000 aggregate principal amount of 3.875% senior secured notes due 2028, a $400,000,000 aggregate principal amount of 6.250% senior notes due 2029 and a €265,000,000 aggregate principal amount of 5.375% senior notes due 2029 by Olympus Water US Holding Corporation. Cahill also represented the lead arrangers in connection with a $500,000,000 asset based multi-currency revolving credit facility for Olympus Water US Holding Corporation; Innovative Water Care International Holding, LLC; Innovative Water Care, LLC; Innovative Water Care Global Corporation; Solenis LLC., a $1,110,000,000 term B credit facility and a €500,000,000 term B credit facility for Olympus Water US Holding Corporation. Proceeds from the notes and the credit facilities will be used for the acquisition of Solenis and the related transactions, including the contribution of the common stock of Sigura, and to refinance existing indebtedness of Solenis and Sigura, as well as general corporate purposes.