Cahill Represents Debt Financing Sources in $7.78 Billion of Multi-Currency Debt Financings, Consisting of $2.17 Billion in Notes Offering and $5.60 Billion Credit Facilities for Hub International Limited
Date: 06/20/23
Cahill represented the initial purchasers in connection with a Rule 144A offering of $2,175,000,000 aggregate principal amount of 7.250% senior secured notes due 2030 by Hub International Limited. Proceeds from the offering were used for an acquisition by issuer and a refinancing and general corporate purposes. Cahill also represented the lead arrangers in connection with Amendments to the $4,750,000,000 term B credit facility, the $715,000,000 U.S. revolving credit facility and the CAD $140,000,000 Canadian revolving credit facility for Hub International Limited (as U.S. Borrower) and Hub International Canada West ULC (as Canadian Borrower). Proceeds from the credit facilities will be used for general corporate purposes and refinancing existing credit facilities. Hub International is a leading insurance brokerage providing products and services across North America.