Cahill Represents Administrative Agent and Lead Arrangers in Hobbs & Associates’ $950 Million Credit Facility
Date: 07/23/24
Cahill represented the administrative agent and the lead arrangers in connection with a $950 million credit facility, consisting of $750 million of closing date term loans, $75 million delayed draw term loans and a $125 million revolving credit facility for Hobbs & Associates, LLC.
Proceeds from the credit facility will be used to refinance existing indebtedness and for general corporate purposes.
Hobbs & Associates provides heating ventilation and air conditioning (HVAC) products and engineering services to commercial and industrial building contractors, architect-design firms, and business owners.