Cahill Represents Debt Financing Sources in $2.5 Billion of Debt Financings, Consisting of $2 Billion Credit Facilities and $500 Million Notes Offering for Maxar Technologies Inc.
Cahill represented the lead arrangers in connection with a $1,500,000,000 term loan credit facility and a $500,000,000 revolving credit facility for Maxar Technologies Inc. Proceeds from the credit facilities will be used for working capital and other general corporate purposes, including the refinancing of Maxar’s existing credit facilities. Cahill also represented the initial purchasers in connection with a Rule 144A offering of $500,000,000 aggregate principal amount of 7.750% senior secured notes due 2027 by Maxar Technologies Inc. Proceeds from the offering were used, together with cash on hand , to fund a redemption of existing notes and to pay related fees and expenses. Maxar is a partner and innovator in Earth Intelligence and Space Infrastructure, delivering value to government and commercial customers to help them monitor, understand and navigate our changing planet, deliver global broadband communications, and explore and advance the use of space.