Cahill Represents Lead Arrangers in $540 Million Credit Facility for AIP RD Buyer Corp.
Cahill represented the lead arrangers in connection with a $540,000,000 first lien term B credit facility for AIP RD Buyer Corp. Proceeds from the credit facility, together with proceeds from an equity contribution and a second lien term B credit facility, were used to fund the leveraged buyout of RelaDyne, Inc. by American Industrial Partners Capital Fund VII, L.P., and to refinance its existing indebtedness. American Industrial Partners is an operationally-oriented middle market private equity firm that is distinctively focused on buying and improving industrial businesses with operations in the United States or Canada. RelaDyne, Inc. is the nation’s leading automotive, industrial, and commercial lubricants provider and provider of reliability services.