Cahill Represents Initial Purchasers in a $250 Million Notes Offering and Dealer Manager in a Tender Offer for Adams Homes, Inc.
Cahill represented the initial purchasers in connection with a Rule 144A offering of $250,000,000 aggregate principal amount of 9.250% senior notes due 2028 by Adams Homes, Inc. Proceeds from the offering were used to repay outstanding borrowings under the issuer’s revolving credit facility, to fund a concurrent tender offer for the issuer’s existing senior notes due 2025 and for general corporate purposes. Cahill also represented the dealer manager in connection with the tender offer. Adams Homes is one of the largest private homebuilders in the United States.