Cahill Represents Initial Purchasers in Watco’s $250 Million Add-On Notes Offering
Date: 09/17/25
Cahill represented the initial purchasers in connection with an offering of $250 million aggregate principal amount of 7.125% add-on senior notes due 2032 by Watco Companies, L.L.C. and Watco Finance Corp.
Proceeds from the offering were used to redeem the company's remaining outstanding 6.5% senior notes due 2027, to repay a portion of the senior secured credit facility, to pay all fees and expenses associated therewith, and general corporate purposes.
Watco is a leading integrated transportation services provider.