Cahill Represents Initial Purchasers and Lead Arrangers in Multicurrency Debt Financing Sources, Consisting of $600 Million Notes Offering and €65 Million Credit Facility for Cerdia Finanz GmbH
Cahill represented the initial purchasers in connection with an offering of $600,000,000 aggregate principal amount of 10.50% senior secured notes due 2027 by Cerdia Finanz GMBH, a portfolio company owned by Blackstone. The debt offering represents the company’s debut high yield issuance. Proceeds from the offering are to be used to refinance the company’s existing debt. Cahill also represented the lead arrangers in connection WITH a €65,000,000 revolving credit facility made available to the group.. Proceeds from the credit facility will be used for general corporate purposes.