Cahill Represents Financing Sources in Veritiv’s $1.425 Billion Financing
Date: 12/11/24
Cahill represented the lead arrangers in connection with an $800 million incremental term B loan credit facility, $275 million of incremental commitments in respect of an asset based revolving credit facility, and the initial purchasers in connection with a Rule 144A/Regulation S offering of $350 mllion aggregate principal amount of 10.500% senior secured notes due 2030 by Veritiv Operating Company (as successor to Verde Purchaser, LLC).
Proceeds from the incremental term loan, borrowings under the ABL facility and senior secured notes were used for Veritiv’s acquisition of the North American packaging and distribution business of Orora Limited as well as general corporate purposes.