Cahill Represents Debt Financing Sources in $730 Million of Debt Financings, Consisting of $670 Million Credit Facility and $50 Million Notes Offering for Austin HoldCo Inc. and Virtusa Corporation
Date: 02/15/22
Cahill represented the lead arrangers in connection with a $670,000,000 incremental term B credit facility for Austin HoldCo Inc. and Virtusa Corporation. Proceeds from the credit facility will be used for an acquisition by borrower. Cahill also represented the initial purchasers in connection with a Rule 144A offering of $50,000,000 aggregate principal amount of 7.125% senior notes due 2028 by Austin HoldCo Inc. and Virtusa Corporation. Proceeds from the offering were used for distribution to shareholders. Virtusa Corporation is a global provider of digital engineering and IT outsourcing services.