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Firm News

Julie Cohen
Director of Marketing and Communications

Cahill Represents Financing Sources in $2.1 Billion of Debt Financings, Consisting of a $600 Million Term Loan, a $700 Million Secured Notes Offering and an $825 Million ABL Revolving Facility for Verde Purchaser, LLC’s acquisition of Veritiv Corporation

Date: 11/30/23

Cahill represented the lead arrangers in connection with a $600,000,000 term B loan credit facility and an $825,000,000 asset-based revolving credit facility for Verde Purchaser, LLC, an indirect subsidiary of CD&R, as well as the initial purchasers in connection with a Rule 144A/Regulation S offering of $700,000,000 aggregate principal amount of 10.500% senior secured notes due 2030 by Verde Purchaser, LLC. Proceeds from the term loans and the senior secured notes, in addition to proceeds from the initial borrowings under the ABL, were used to finance in part CD&R’s leveraged buyout of Veritiv Corporation and to otherwise provide for working capital and general corporate purposes. Veritiv is a leading distributor of packaging, facility solutions and print products.