Cahill Represents Debt Financing Sources, Initial Purchasers, Dealer Managers, and Solicitation Agents in American Bath Group’s $1.921 Billion Refinancing and Concurrent Exchange Offer
Date: 07/07/25
Cahill represented the initial purchasers in connection with a Rule 144A offering of $500 million aggregate principal amount of 9.750% first lien notes due 2030 by CP Atlas Buyer, Inc. and represented the lead arrangers in connection with a $1.2 billion Term B credit facility and $221.7 million revolving credit facility for CP Atlas Buyer, Inc.
Cahill also represented the dealer managers and solicitation agents in connection with CP Atlas Buyer, Inc.’s exchange offer for any and all of its 510,000,000 outstanding principal amount of 7.000% senior notes due 2028 for newly issued 12.750% second lien PIK toggle notes due 2031.
Proceeds from the notes offering and credit facilities were used for refinancing of existing indebtedness and other general corporate purposes.
CP Atlas Buyer, Inc. is the parent company of American Bath Group, LLC, a leading manufacturer of showers, bathtubs, and related accessories.