Cahill Represents Debt Financing Sources in Term Loan and ABL Credit Facilities and Notes Offering in Connection with the Leveraged Buyout of Univar Solutions, Inc. by Affiliates of Apollo
Date: 08/01/23
Cahill represented the lead arrangers in connection with a USD$2,400,000,000 term B credit facility and a €870,000,000 term B credit facility for Windsor Holdings III, LLC, an entity owned by affiliates of Apollo. Cahill also represented the initial purchasers in connection with a Rule 144A offering of USD$800,000,000 aggregate principal amount of senior secured notes due 2030 by Windsor Holdings III, LLC.
Cahill also represented the lead arrangers in connection with a USD$1,000,000,000 revolving credit facility, a CAD$250,000,000 revolving credit facility and a €150,000,000 revolving credit facility for Windsor Holdings III, LLC, Univar Solutions Canada Ltd., Univar Solutions UK Limited, Univar Netherlands Holding B.V., Univar Solutions B.V. and Univar Solutions Belgium NV, as borrowers.
Proceeds from the credit facilities and notes offering were used to finance Apollo’s acquisition of Univar Solutions, Inc., refinance the existing credit facilities of Univar Solutions, Inc. and pay related fees and expenses. Proceeds from the revolving credit facilities will be used for general corporate purposes of the acquired company and its subsidiaries.
Univar Solutions, Inc. is a leading global distributor of commodity and specialty chemicals and ingredients, as well as a provider of services to customers across a wide range of diverse industries.