Cahill Represents Initial Purchasers in $1 Billion Notes Offering for Adient Global Holdings Ltd
Date: 03/14/23
Cahill represented the initial purchasers in connection with a Rule 144A offering of $500,000,000 aggregate principal amount of 7.000% senior secured notes due 2028 and $500,000,000 aggregate principal amount of 8.250% senior unsecured notes due 2030 by Adient Global Holdings Ltd, a subsidiary of Adient plc. Proceeds from the offering, together with cash on hand, were used to refinance Adient’s existing indebtedness. Adient designs, manufactures and markets a range of seating systems and components for passenger and commercial vehicles.