Cahill Represents Debt Financing Sources in $2.75 Billion Notes Offering, a $1.35 Billion Exchange Offer and $950 Million Credit Facilities for Mauser Packaging Solutions Holding Company
Date: 02/23/23
Cahill represented the initial purchasers in connection with a Rule 144A offering of $2,750,000,000 aggregate principal amount of 7.875% senior first lien notes due 2026 by Mauser Packaging Solutions Holding Company. Proceeds from the offering were used for refinancing existing indebtedness and for general corporate purposes. Cahill also represented the dealer manager and consent solicitation agent in connection with Mauser Packaging Solutions Holding Company’s exchange offer of $1,350,000,000 of its outstanding principal amount of 7.25% senior notes due 2025 for the newly issued 9.25% senior secured second lien notes due 2027. Cahill also represented the lead arrangers in connection with a new $800,000,000 term B credit facility and a $150,000,000 super priority for Mauser Packaging Solutions Holding Company. Proceeds from the credit facility will be used for general corporate purposes to refinance existing credit. Mauser Packaging Solutions is a global leader in solutions and services across the packaging lifecycle.