Cahill Represents Debt Financing Sources in $2.25 Billion of Debt Financings, Consisting of a $725 Million Notes Offering and $1.525 Billion in Credit Facilities for Clue Opco LLC, to finance Forward Air Corporation’s acquisition of Omni Logistics, LLC
Date: 01/25/24
Cahill represented the initial purchasers in connection with a Rule 144A/Reg S offering of $725,000,000 aggregate principal amount of senior secured notes due 2031 by Clue Opco LLC (as successor to GN Bondco, LLC). Cahill also represented the administrative agent and lead arrangers in connection with a $1,125,000,000 term B credit facility and a $400,000,000 revolving credit facility for Clue Opco LLC (as successor to GN Loanco, LLC). Proceeds from the financings were used to fund the acquisition of Omni Logistics, LLC by Forward Air Corporation, to refinance existing indebtedness of Omni and Forward Air, for working capital costs and for general corporate purposes. Forward Air is a leading provider of ground transportation and related logistical services to the North American air freight and expedited less-than-truckload market. Omni is a multimodal provider of international, domestic and value added logistics and supply chain solutions.