Cahill Represents Lead Arrangers in A-AP Buyer, Inc.’s $800 Million Credit Facility
Date: 09/09/24
Cahill represented the lead arrangers in connection with a $650 million term B credit facility and a $150 million revolving credit facility for A-AP Buyer, Inc.
Proceeds from the credit facility, together with proceeds from an equity contribution, were used to fund American Industrial Partners strategic investment in, and partnership with, Austin Powder, and to refinance Austin Powder’s existing indebtedness.
American Industrial Partners is an operationally-oriented middle market private equity firm that is distinctively focused on buying and improving industrial businesses with operations in the U.S., Canada, and other developed markets. Austin Powder is a leading provider of industrial explosives and engineered blasting solutions.