US Deal Recap
Date: 11/23/22
Cahill’s recent deal highlights from Q4, featured here as part of our #CahillDealRecapUS, include representing, among others:
- LENDING: The lead arrangers in $9.8 billion in credit facilities for the acquisition of Avast plc by NortonLifeLock Inc; $16 billion in credit facilities for the purchase of Nielsen Holdings plc by investors led by affiliates of Elliott Investment Management and Brookfield Business Partners; and $7.5 billion in credit facilities for the acquisition of Lumen Technologies’ ILEC assets in 20 states by Connect Holding II LLC.
- HIGH-YIELD: The initial purchasers in a $1.5 billion notes offering for NortonLifeLock Inc.; $725 million senior notes offering by Avient Corporation for the acquisition of DSM Protective Materials (Dyneema®); and $350 million senior secured notes offering for NFP Corp., a leading insurance broker and consultant.
- INVESTMENT GRADE: The underwriters in a $3 billion notes offering for T-Mobile USA, Inc.; $2.5 billion notes offering for Comcast Corporation; and $500 million notes offering for Mondelez International Holdings Netherlands B.V.
- PRIVATE CREDIT: A private credit fund in an investment in incremental second lien notes and equity co-investment for a baked goods company; a parent company of a leading urgent care service provider for an additional issuance of redeemable preferred stock; and a private debt fund in connection with an investment in senior subordinated notes and common equity of a manufacturer of bedding products.