London Banking & Capital Markets H1 2023 Deal Highlights

August 2, 2023

As a part of our UK Deal Recap, see below for certain key lending & high-yield deals led by our London team in the first half of 2023.

Cahill represented the finance providers in connection with:

• public offerings totaling $5.0 billion in senior notes and a $600 million term A credit facility for Nasdaq, Inc. to support the acquisition of Adenza.
• unitranche facilities and a super senior revolving credit facility provided to support KKR’s acquisition of APRIL Group, a leading French insurance broker.
• an $870 million term loan B incremental credit facility for Belron, a leading provider of vehicle glass repair, replacement and recalibration services in Europe, the Americas and Australasia.
• the debt financing provided to support Advent International and Lanxess AG’s acquisition of the engineering materials business of DSM and the joint venture with the High-Performance Materials business of LANXESS.

Cahill represented PGS ASA in connection with:

• the $450 million senior secured bond used to partially repay the company’s existing term loan credit facility.